#252 – How to Prepare for Lower Interest Rates

With the Federal Reserve's upcoming meeting, possible changes in the rates are on the horizon, and now is the time to prepare.

In today's episode we’ll cover how these rate adjustments can affect your savings, debt, and investment strategies. From maximizing your high-yield savings accounts and CDs to considering refinancing opportunities, I break down the steps you can take to stay ahead of the financial curve.

Join me as we discuss actionable strategies for making the most of falling rates while keeping your financial future on track.

Anna's Takeaways:

• Evaluating Savings and Emergency Reserves (01:59)
• Managing Debt and Financial Statements (05:48)
• Investment Strategies and Long-Term Planning (13:53)
• Reviewing and Adjusting Investment Allocations (18:35)

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Money Boss Parents! Welcome to Anna's Money Boss Parent podcast, your go-to resource for mastering money management while raising a family. Join me as we explore practical tips, expert insights, and inspiring stories to help you achieve financial success and create a brighter future for your loved ones.

1. Don't forget to subscribe, rate, and review the show to support our mission of empowering parents like you to take charge of their finances and build a prosperous life for their families. Let's thrive together on this incredible journey!
2. FREE GUIDE- Kid Money Boss: School isn’t teaching my son about Money. It’s up to us Parents. Here are 9 tools I am using to team my son, everything I never learned as a kid.
3. Check for CD and High Yield Savings Accounts - https://www.bankrate.com/banking/cds/cd-rates/
4. How to Review Your Credit Report Article
5. Previous Podcast: https://annasergunina.com/captivate-podcast/050-chicken-or-the-egg-paying-off-debt-vs-saving-in-emergency-reserves/
6. 5 strategies to escape credit card debts: https://annasergunina.com/captivate-podcast/234-5-strategies-to-escape-credit-card-debt/