{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/69c148bb1a160b44db9c8fcc/6a14a95db9ac1c860c62c527?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"6 Money Moves to Make Before a Potential Rate Hike","description":"<p>1022. If you were expecting interest rates to drop, rising inflation is making it more likely for them to go up this year. Laura reviews six moves you shouldn’t overlook in a rising-rate environment to make your money work harder for you.</p><p><br></p><p><strong>Key takeaways</strong></p><ul><li>When inflation rises, the Fed raises interest rates to slow down spending and demand, eventually causing prices to decrease so spending increases.</li><li>With sticky inflation and the expectation of rate hikes, borrowers need to watch interest rates on their debt, using a tool like my PFS.</li><li>When variable-rate debts, such as credit cards, increase, it’s wise to pay them off faster and reduce the interest expense.</li><li>If you’re considering a large purchase, like a home or vehicle, maintaining good credit and locking in a lower interest rate sooner rather than later are wise strategies.</li><li>Higher interest rates benefit savers, so using a high-yield savings account can maximize your earnings.</li></ul><p><br></p><p><strong>Discover more from Money Girl!</strong></p><p><a href=\"https://www.facebook.com/MoneyGirlQDT\" rel=\"noopener noreferrer\" target=\"_blank\">Facebook</a></p><p><a href=\"https://www.quickanddirtytips.com/newsletters\" rel=\"noopener noreferrer\" target=\"_blank\">Newsletter</a></p><p>Transcripts available at <a href=\"https://www.quickanddirtytips.com/transcripts/money-girl/\" rel=\"noopener noreferrer\" target=\"_blank\">QuickandDirtyTips.com</a>.</p><p>Email: Laura@LauraDAdams.com or leave a voicemail: (302) 364-0308.</p>","author_name":"QuickAndDirtyTips.com"}