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𝐌𝐚𝐱𝐢𝐦𝐢𝐬𝐞 𝐑𝐞𝐭𝐮𝐫𝐧𝐬? 𝐎𝐫 𝐌𝐢𝐧𝐢𝐦𝐢𝐬𝐞 𝐔𝐧𝐜𝐞𝐫𝐭𝐚𝐢𝐧𝐭𝐲? 𝐌𝐚𝐲𝐛𝐞 𝐘𝐨𝐮 𝐍𝐞𝐞𝐝 𝐁𝐨𝐭𝐡.
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The Federal Reserve just raised interest rates for the first time since 2023, and they hinted at 1 more rate hike possibly this year. How does that change your money? Here are 4 ways: 1️⃣ Your credit card, HELOCs, and adjustable rate loans are tied to the prime rate, and they are going to get more expensive within 1-2 cycles. If you carry a credit card balance, paying it down now is the best guaranteed return you can get. 2️⃣ your high yield savings should earn more if your bank passes the rate
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👇🏽 Comment “I’M IN” if you’re doing the September Challenge with me, and grab my FREE Money Planning Savings Guide (🔗 on my page) to help you get started. 🤎
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