10 Money Rules to Thrive in a Contracting Economy
In today’s uncertain economy, smart financial habits are more important than ever. According to MarketWatch, 2025 is shaping up to be a year of economic contraction, making it vital for families to reassess their spending, saving, and investing strategies.
This article highlights 10 money rules that can help protect and grow your wealth—even in a downturn. Some top takeaways include spending mindfully, avoiding unnecessary debt, maintaining emergency savings, and staying committed to long-term investing.
At UNest, we empower families to implement these habits by offering an easy, flexible platform to invest for your child’s future. Our UTMA accounts encourage consistent, automated saving in a tax-advantaged structure—perfect for navigating turbulent financial times with confidence.
Rather than reacting to market fears, use these rules to create a roadmap for generational wealth. A downturn doesn’t have to derail your family’s financial goals. 📲 Start building wealth the smart way at unest.co
Don't just take our word for it
Hear what trusted money experts say about why UTMA and UGMA accounts can be a smart way to invest for a child’s future.
There are some tax advantages to using UGMA and UTMA accounts… Since they’re in your child’s name, the accounts will be taxed according to their tax bracket… There are no contribution limits on UGMA and UTMA accounts.
Dave Ramsey
Personal Finance Expert
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Investing for your kid’s future
Dave Ramsey
Personal Finance Expert
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...you could consider opening an account where you can dive deeper with the kids by your side. The easiest way to do so is to open a custodial account, known as an UGMA ... or UTMA ... account.
Jill Schlesinger
Emmy winning Business Analyst
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Straightforward “starter” investing account for kids
JILL SCHLESINGER
Emmy winning Business Analyst
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You can give children money that can accumulate somewhat tax-free over time... I love them (UTMAs) because they were like, trusts that you didn't need lawyers to create.... I think it's one of the better tax breaks around though. I know hunting for tax breaks may not sound very exciting, but that's how you take care of your family.
Jim Cramer
CNBC Host
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Give children money that can accumulate over time
Jim Cramer
CNBC Host
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