(MENAFN- News Direct) >

This article adheres to strict editorial standards. Some or all links may be monetized.

The chance of a recession hitting the U.S. economy in 2025 has gone down - but only slightly.

JP Morgan scaled back its recession forecast from 60% to 40% at the end of May.

So if you're thinking of tightening your wallet - and looking for ways to stretch every dollar - here are 10 money moves you can make to make sure you're in great financial shape during this uncertain time.

Must Read

• Thanks to Jeff Bezos, you can now become a landlord for as little as $100 - and no, you don't have to deal with tenants or fix freezers. Here's how
• Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake - here's what it is and 3 simple steps to fix it ASAP
• Robert Kiyosaki says this 1 asset will surge 400% in a year - and he begs investors not to miss its 'explosion'

1. Stop wasting money on overpriced car insurance

Car insurance is likely taking a big chunk out of your monthly budget, but it could be keeping you safe for less. Insurance companies tend to pile on confusing add-ons and lingo, which leads you to pay more than necessary.

OfficialCarInsurance lets you compare quotes from trusted brands, such as Progressive, Allstate and GEICO to make sure you're getting the best deal.

You can switch to a more affordable auto insurance option in two minutes by providing some information about yourself and your vehicle then choosing from their tailor-made results.

Find offers as low as $29 a month.

2. Invest in real estate

New investing platforms are making it easier than ever to tap into the real estate market.

For accredited investors, Homeshares gives access to the $34.9 trillion U.S. home equity market, which has historically been the exclusive playground of institutional investors.

With a minimum investment of $25,000, investors can gain direct exposure to hundreds of owner-occupied homes in top U.S. cities through their U.S. Home Equity Fund - without the headaches of buying, owning or managing property.

With risk-adjusted target returns ranging from 14% to 17%, this approach can provide an effective, hands-off way to invest in owner-occupied residential properties across regional markets.

3. Diversify your retirement portfolio with a gold IRA

Gold has long been touted as a safe-haven asset - and it can go a long way toward building your retirement portfolio. The precious yellow metal offers more stable returns than stocks, especially during market volatility and recession.

For the first time in the last four years, gold outperformed the S&P 500 in 2024, posting a 27% gain versus the index's 25% return.

You can open a gold Individual Retirement Account (IRA) with Thor Metals to reap tax advantages while investing directly in physical precious metals. Plus, Thor Metals offers no account fees for 2025, free shipping on all orders and free insurance.

Get your free information guide to learn how to get started and earn up to $20,000 in free precious metals with qualifying purchases.

Read more: I'm almost 50 and have nothing saved for retirement - what now? Don't panic. These 6 easy steps can help you turn things around

4. Automatically invest your spare change

You don't need a large sum to start investing for your future. Ten dollars a week could make a difference – if you're smart about what to do with your spare change.

When you make a purchase on your credit or debit card, Acorns automatically rounds up the price to the nearest dollar and places the excess - the coins that would wind up in your pocket if you were paying cash - into a savings account or a smart investment portfolio.

Let's say you purchase a doughnut for $2.30. Before you're done licking the sugar off your fingers, Acorns will round the amount to $3.00 and invest the 70-cent difference for you. Look at this math: $2.50 worth of daily round-ups add up to $900 per year - and that's before your savings earn money in the market.

Plus, if you sign up now, you can get a $20 bonus investment when you set up a recurring deposit.

5. Earn passive income

Owning real estate has traditionally been the path to earning steady rental income, but it can be expensive and time-consuming to manage properties.

But Arrived is lowering the barrier to entry for rental property investing, making it simpler and more cost effective.

Backed by world class investors like Jeff Bezos, Arrived is an online platform where you can invest in shares of rental homes and vacation rentals without taking on the responsibilities of property management - for as little as $100.

In other words, you won't be in charge of fixing freezers or managing noise complaints, but still get to generate potential regular income and diversify your portfolio.

6. Make your cash work harder for you

If you have a lot of cash sitting in your checking account, consider moving it to a high-yield savings account so you can get more bang for your buck.

You can easily compare multiple online banks offering high-yield savings accounts with 4% or more in annual interest in a matter of minutes. Many options now offer $0 monthly fees and don't require a minimum balance to earn their high APY.

For example, you can open a high-yield checking and savings account with SoFi and earn up to 3.80% APY Plus, SoFi charges no account, monthly or overdraft fees.

The best part? You can get up to $300 when you sign up with SoFi and set up a direct deposit.

7. Shore up your cash reserve

Certificates of Deposit (CDs) offer a low-risk way to grow your savings, often with higher returns than high-yield accounts - in exchange for locking in your money at a fixed rate for a set term.

CDs are ideal for those who don't need immediate access to their funds. Just keep in mind that rates fluctuate regularly. MyBankTracker makes it easy to find the best CD rates by analyzing over 150 CD products from the largest banks nationwide and highlighting top picks based on interest rates, flexibility and early withdrawal penalties.

It's wise to move quickly and secure the best CD rates for longer terms - especially as the Federal Reserve has indicated that interest rate cuts will likely continue throughout 2025, including in September.

8. Find a more affordable life insurance policy

Global life insurance premiums are set to increase at an annual rate of 3% in 2025 and 2026, according to a report by Swiss Re Institute.

If you have life insurance in place – especially a term policy – it may be worth comparison-shopping to find a more affordable option. You can typically cancel a term life policy without incurring any penalties.

With Ethos, you can get term life insurance in 5 minutes, with no medical exams or blood tests.

You can get a policy with up to $2 million in coverage, starting at just $2/day.

Ethos' application process ensures you get flexible coverage options quickly and transparently, allowing you to focus on what matters most.

9. Maximize your home equity

With home values higher than ever, you can make your home work harder for you by making the most of your equity. The average U.S. homeowner now holds more than $319,000 in home equity, contributing to a nationwide total exceeding $34.7 trillion, according to Newsweek.

With a home equity loan, you can fund major expenses - home renovations, paying off substantial debt or even funding investments for your retirement nest egg. Rates on a home equity loan are typically lower than APRs on credit cards and personal loans, making it an appealing option for homeowners with substantial equity.

Unlock the lowest possible rates in minutes by shopping around. You can compare real loan rates offered by different lenders side-by-side through LendingTree.

Just answer a few simple questions, and LendingTree will match you with up to 5 lenders with the best possible rates today.

10. Grow your wealth with help from a trusted advisor

Finding a financial advisor that suits your specific needs and financial goals is simple with Vanguard.

Vanguard's hybrid advisory system combines advice from professional advisers and automated portfolio management to make sure your investments are working to achieve your financial goals.

With a minimum portfolio size of $50,000, this service is best for clients who already have a nest egg built and would like to try to grow their wealth with a variety of different investments. All you have to do is set up a consultation with a Vanguard advisor, and they can help you set a tailored plan and stick to it.

What to read next

• Are you richer than you think? 5 clear signs you're punching way above the average American's wealth
• Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich - and 'anyone' can do it
• This tiny hot Costco item has skyrocketed 74% in price in under 2 years - but now the retail giant is restricting purchase. Here's how to buy the coveted asset in bulk
• 22 US states are now in a recession or close to it - protect your savings with these 5 essential money moves ASAP

Join 200,000+ readers and get Moneywise's best stories and exclusive interviews first - clear insights curated and delivered weekly. Subscribe now.

1Carefully consider the investment objectives, risks, charges and expenses of the Fundrise Flagship Fund before investing. This and other information can be found in the Fund's prospectus. Read them carefully before investing. This marketing was vetted by the Moneywise team and sponsored by the Fundrise Flagship Fund.

This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

MENAFN30102025005728012573ID1110272273