It’s no secret that rates have been hovering at record lows for the past several years – even before the pandemic hit. In fact, it’s probably been close to a decade since there’s been a significant increase in loan rates. However, that trend may soon be coming to an end.
Anyone buying a new car, or even a cup of coffee, will notice that prices are going up. From utilities and groceries to filling your car at the pump, inflation is definitely on the rise affecting everyone’s finances in one way or another. As a result, many households are feeling the strain on their budgets.
These days it’s easier than ever to make purchases. With most items only requiring a click, tap, or swipe of a credit card, you’re able to quickly purchase an item without ever thinking twice about it.
The problem lies in that most people don’t keep track of how many times they’re using their cards in a month. Then, when their statement comes, they realize just how fast all those little charges can add up. As a result, anxiety quickly sets in when trying to figure out exactly how to pay the outstanding balance.
Most people have financial goals that they would love to accomplish. Some of these may be smaller, such as going on a weekend getaway. Others may require a more significant and costly commitment, like saving for a down payment on a home or finally paying off that $7,000 credit card balance.
The holidays are a time of joy. Families gather to share laughter, food, gifts, and quality time with each other. Unfortunately, the holiday season is also one of the most joyous times of the year for fraudsters.