MoneyWise


Four Rules for Using Credit Cards

December 8, 2018

The Fed has been raising interest rates, and they’re threatening to do it again. That’s good news for people with money in the bond market, but bad news for stock investors and one other group that’s benefitted from the low interest rates.  We’re talking about folks with credit cards. Interest rates on those accounts will likely be going up in the coming months. Rob West shares four rules for avoiding high credit card interest rates. 

Then, they answer your questions at (800) 525-7000 and questions@moneywise.org about the following:

  • If you have a pension coming in and plenty of money saved up and don’t want to throw away money on rent should you purchase a home or keep renting?
  • How much should you be contributing to your 401(k) if you have a concern about how unreliable the markets are?
  • If you're looking at long-term options for paying off a house and saving for your children's education, should you consider a 529 plan?
  • If your daughter is 3 and you want to open a savings account for her future, what is recommended? 

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