Should I spray WD-40 around my rusted shocks on my car?

Ok so my car squeaks when I go over bumps. It doesn't squeak for normal street or freeway driving. It was originally an east coast car from massachusetts driven to california. I can't get new shocks yet because they are so expensive but is it a good idea to spray WD-40 over them?Oh and there is no rust on the car frame or anything, its fine.
 
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