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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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We are MOVING the needle BIG TIME on student loan number 13 today with a MONSTER PAYMENT! 🧌🧌🧌 Because today is both of our favorite days 😍 it is the 15th 🥰 And we are due for another monster payment; so let’s make it happen! Today’s payment pushes us WILDLY close to being 2/3 of the way through student loan 13. It is also absolutely DEMOLISHING our September goal, so we will get that reset as well. And it breaking us into a new threshold with our overall debts; we’re officially below $90k!
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