Delmaine Donson \/ iStock.com <\/p>\n
Despite a turbulent year, most Americans feel financially stable. A recent Fidelity survey<\/a> found that 70% of Americans believe they are in a better or similar financial situation than they were at the same time last year. Yet, looming challenges remain.<\/p>\n Here are the top financial fears shaping 2026, plus expert tips to help you prepare<\/a>.<\/p>\n Inflation remains a major concern heading into the new year. Fidelity found that 45% of Americans are worried about rising everyday prices<\/a>, up from 37% last year. However, there are signs of relief ahead.<\/p>\n \u201cWhile it\u2019s hard to say for sure what 2026 has in store, there have been some indicators that we might get some relief from the inflation we experienced this year,\u201d Leanna Devinney, market leader at Fidelity Investments, told GOBankingRates. \u201cThe USDA, for example, is projecting a slower increase in at-home food costs.\u201d<\/p>\n Still, planning ahead is key.<\/p>\n \u201cThe best thing you can do is create a financial plan that can help you navigate whatever comes your way in the new year,\u201d Devinney said. \u201cPlanning helps you turn anxiety into action and can give you peace of mind.\u201d<\/p>\n A great first step is reviewing your budget and spending habits.<\/p>\n \u201cMake sure your budget reflects possible rising costs, and define your essential versus nonessential expenses,\u201d Devinney said.<\/p>\n Fidelity recommended spending no more than 60% of your income on essential expenses, like food and housing, and keeping the rest for retirement, savings, nonessential expenses and your emergency fund.<\/p>\n Find Out: 8 Smart Ways Frugal People Are Living Like There\u2019s Already a Recession<\/a><\/strong><\/p>\n Read Next: 5 Clever Ways Retirees Are Earning Up To $1K per Month From Home<\/a><\/strong><\/p>\n Nearly 31% of Americans worry about unexpected expenses in the coming year. The best defense is an emergency fund.<\/p>\n