Q&A Replay 11.2.2023: Rising Interest Rates, Velocity Banking & HELOCs

At the request of Family Finance Mom followers, I am now posting LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me ⁠⁠⁠@FamilyFinanceMom on Instagram⁠⁠⁠. Look for the question box in my stories ahead of LIVE Q&A every Wednesday at 9AM ET.

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For full show notes, visit https://familyfinancemom.com/rising-interest-rates/

Today’s topics included:

🐷 Why “nonfarm payrolls” when discussing employment data?
🐷 Do you recommend closing credit cards to curb spending in the current economy?
🐷 Thoughts on using “velocity banking” method to pay down debt?
🐷 Is a HELOC a bad idea?
🐷 Can companies be incentivized to lower profits to help inflation?
🐷 Fed decision

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