Q&A Replay 11.2.2023: Rising Interest Rates, Velocity Banking & HELOCs

02/11/2023 35 min Temporada 4 Episodio 8

Listen "Q&A Replay 11.2.2023: Rising Interest Rates, Velocity Banking & HELOCs"

Episode Synopsis

At the request of Family Finance Mom followers, I am now posting LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me ⁠⁠⁠@FamilyFinanceMom on Instagram⁠⁠⁠. Look for the question box in my stories ahead of LIVE Q&A every Wednesday at 9AM ET.
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For full show notes, visit https://familyfinancemom.com/rising-interest-rates/

Today’s topics included:
🐷 Why “nonfarm payrolls” when discussing employment data?🐷 Do you recommend closing credit cards to curb spending in the current economy?🐷 Thoughts on using “velocity banking” method to pay down debt?🐷 Is a HELOC a bad idea?🐷 Can companies be incentivized to lower profits to help inflation?🐷 Fed decision
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