60 | Fed Rate Hike + Controlling Our Spending | The Financial Classroom
Description
Epsiode 60!
Today Will, Tim and Jules talked about the latest FOMC meeting and the result of the newest fed rate hike and what it means more everyday folks. We broke down why inflation is happening and how hiking rates can help reduce inflation. We touched on things like how the rate hike affects mortgages, rent, line of credits and other debts as well as how you can control your situation in this economic uncertainty.
This episode also talked about how we can control our controllable as prices continue to climb. Everyday essentials such as food, gas, utilities are all going up so we broke down some tips and tricks to cut costs on those items.
If you live in Alberta also check out the Alberta website for different insurance rate: www.ucahelps.alberta.ca its a great cost comparison tools for energy,
As always remember the key to wealth is to live on less than you make, invest the remaining and do so for a long time.
If you are a financial nerd like us and want to come on to the show feel free to reach out to us at financialclassroom@gmail.com or find us on instagram or Facebook.
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