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:
• Rate Hike & Smart Money Moves (3 min read)
• U.S. Economy Adds More Jobs (2 min read)
• How To Save Money (3 min read)
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Rate Hikes & Smart Money Moves
With the FED continuing to raise interest rates, the cost of borrowing money is on the rise. During times like this, there are certain steps that you and your families can take to reduce debt load and the interest rate you’re paying. Here are a few smart money moves you can make. As always, if you have any questions, do not hesitate to reach out.
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U.S. Economy Adds More Jobs
Despite the attempts of the Federal Reserve to cool off inflation, the labor market continues to add more jobs. In fact, the latest jobs report indicated that the U.S. economy last week added 528,000 new jobs versus the consensus of just 250,000. While certain areas of the economy are showing some signs of slowing, this report illustrates that the labor market is still red hot. What impact will this have on future rate hikes? Read below to find out.
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How To Save More Money
As we continue with the theme of "money" month for August, this week we look at several ways to save more money. When it comes to saving money, small changes can add up quickly and have a positive long term impact on your financial plan. Here are 22 ways to kick start your savings!
