The Federal Reserve recently lowered interest rates from 4.25% to 3.5%. This means you'll likely see lower interest rates on your variable rate credit cards and loans.
When I got my student loan statements this month, I was happy to see lower interest rates and minimum payments. Even though it'd be nice to pay a lower amount, I know it's smarter to at least continue paying the same amount as before. That way, I chip away at the principle faster than I would have otherwise.
Find out How To Take Advantage of Fed Interest Rate Cuts
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When I got my student loan statements this month, I was happy to see lower interest rates and minimum payments. Even though it'd be nice to pay a lower amount, I know it's smarter to at least continue paying the same amount as before. That way, I chip away at the principle faster than I would have otherwise.
Find out How To Take Advantage of Fed Interest Rate Cuts
Related Content:
Smart Ways to Spend a Tax Rebate | Surviving a Credit Crunch
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