Tim Saighani

Rising interest rates are making it more difficult to borrow money. With a mortgage and other types of loans becoming more expensive, consumers need to stretch their dollars and learn ways to adjust to the changing economy. But rising rates can also help consumers achieve their debt-free goals sooner. By using rising rates to their advantage, it may be possible to reach those budget and financial goals sooner.

An emergency fund is needed when life’s unexpected mishaps occur. Don’t let yourself fall deeper into debt. It’s not too late to initiate an emergency fund and grow it to meet your needs. Start taking the steps to save money and yourself from future strife.

Today’s ability to compare banks, whether brick and mortar or virtual, allows the consumer to better take advantage of incentives and bonuses being offered. By utilizing these advances you can now move your funds into multiple savings accounts and avoid placing “all your eggs in one basket.” This allows the consumer to better manage savings goals, control spending, and avoid unnecessary banking fees to help them reach financial goals more quickly.