Inflation

After a long period of record lows, the federal government recently announced a 0.50% hike in interest rates. The new rate is designed to help combat inflation, which recently hit record highs. Rising interest rates can impact your own personal budget in multiple ways. Mostly, it now costs more to borrow money of any kind. […]

Inflation refers to the gradually rising costs of goods and services. Inflation effectively reduces the buying power of your dollars. The impact of inflation can be somewhat combated by investing in the real estate and stock markets, or finding ways to earn more money. You’ve probably heard the word “inflation” thrown around a lot lately […]