The Weekly Wealth of Knowledge is your download of this week's most important topics related to financial planning, the markets, and our community. As we enter August, we welcome in "money" month at MONECO Advisors, where we will be highlighting everything related to it, including savings strategies, budgeting, cash flow, debt management and more!
In this issue:
• Mortgage Savings Tips (3 min read)
• Moderating Inflation? (2 min read)
• Debt Management Plans (3 min read)
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Mortgage Savings Tips
By now, those continuing to search for a new home these days have been confronted with higher mortgage rates, as the FED continues to hike its key benchmark rate. This has definitely slowed the housing market a bit, as borrowers are navigating higher rates. However, although we can't control rates, there are some steps that can be taken to still save some money. Read below to find out. As always, if you have any questions, do not hesitate to give a call.
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Moderating Inflation?
Last week, the economy received some good news, as the key gauge of inflation, the Consumer Price Index (CPI), came in lower than expected and the markets rallied. Only time will tell if the downward trend will continue, but for now, this may be a positive long term indicator that the FED's interest rate hikes are beginning to have an impact in slowing the economy.
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Debt Management Plans
As we continue with the theme of "money" month for August, this week we look at Debt Management Plans and if they could work for you. Although many get into debt situations for various different reasons, there are ways to begin to dig out and having a plan to do so is the key. Read below to find out if a plan can assist you and be sure to give us a call if we can help.
