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.
Money Saving
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.
Don’t let this holiday season take you off track from your financial goals. With the talk of an upcoming recession taking hold in all financial sectors, it’s easy to become anxious about your future. Take these steps to help you stay on top of this shopping season and continue to meet your debt-free goals. Don’t forget to reach out to your financial advisor or debt consolidation company if you need guidance.
Consumers begin to fall through the cracks of delinquency? Create a budget and make a plan to make sure this holiday season is a happy one and say Bah Humbug to financial debt.
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.
Don’t let future rent increases derail your budget. Now is the time to prepare for those possible upcoming changes.
By starting with small steps and goals, you can quickly find yourself putting together a fund to get you through those tough times. Take the steps to prepare yourself and avoid building up debt.
Retailers have ordered too much inventory and are now offering deals to unload excess and make room for Fall inventory. Their loss can be your gain.
What is one small step you can take today to create financial stability tomorrow? Check out our tips in the latest blog post.
Should you prioritize paying down debt or building up your savings? While it is important to find the strategy that works best for your individual financial goals and outstanding obligations, for many people the most effective strategy is going to be one of balance, where debt and savings are managed simultaneously.