Date: July 2017

3 posts in July 2017

Don’t Let Rising Interest Rates Catch You by Surprise

July 28, 2017
interest rates

You’ve probably heard the news that the Federal Reserve has been raising its benchmark federal funds rate. The Fed doesn’t directly control consumer interest rates, but changes to the federal funds rate (which is the rate that banks use to lend funds to each other overnight within the Federal Reserve system) often affect consumer borrowing…

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Buying a Fuel-Efficient Vehicle

July 28, 2017
cars

You’re searching for a new car and interested in fuel-efficient vehicles. On the surface, they sound like a good idea: You may save money by making fewer trips to the gas station, and you help protect the environment. However, there are pros and cons to owning and driving a fuel-efficient vehicle, particularly when it comes…

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Student Loan Debt: It Isn’t Just For Millennials

July 28, 2017
student debt

It’s no secret that today’s college graduates face record amounts of debt. Approximately 68% of the graduating class of 2015 had student loan debt, with an average debt of $30,100 per borrower—a 4% increase from 2014 graduates.1 A student loan debt clock at finaid.org estimates current outstanding student loan debt—including both federal and private student loans—at over…

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