Our guide will help you pick the right move

a piggy bank hot air balloon representing inflation

If you’ve tuned into the news at all recently you know that recession chances just keep climbing. Concerns about tariffs, inflation, a falling GDP and other economic indicators have increased the odds of an economic downturn, leaving everyday Americans wondering what to do next — save or pay down debt? Or even worse, add more debt?

The answer, as it often does, depends on your personal situation. Our guide will help you make the call.

Saving vs. Paying Off Debt

Americans Are Opening More Credit Cards Than Ever — WAY More

You may have heard that Americans are relying more and more on credit cards for daily purchases, which is why this chart caught our eye. According to data from the New York Fed, credit cards are the fastest growing loan type, dramatically outpacing auto loans and mortgages.

data showing number of accounts opened by loan type

IN THIS ISSUE

How to Save Money With a No-Spend Challenge

Trim Your Grocery Bill by $600+

How Does Social Security Work?

How to Grow that $1,000 in Your Bank Account

The Best Bank Promotions Right Now

How to Save Money With a No-Spend Challenge

There are two ways to get more money: earn more or spend less. Try our no-spend challenge to see how little you can spend and how much you can save.

Learn More →

an illustration of common groceries like produce, meat and cheese

Trim Your Grocery Bill by $600+

We can't change the price of food, but we can help you find quick ways to offset that growing grocery bill.

How Does Social Security Work?

Look at your last pay stub, and you'll see you're already paying for it. Aren't you curious about the program that takes so much of your paycheck?

Learn More →