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Friday 21 August 2015

Preparing for rate rises – thinking ahead.

By now we should all have heard that the first rise in interest rates can be expected next spring. This means that we have a very short window to prepare for the financial impact it will have on our households. As part of that some of us will have to think about whether or not we should fix our mortgages. All of us will need to review our income and expenditure more generally.

My Money Steps can help you to assess your household income and expenditure and set a household budget.  The sooner you can assess your budget and take steps to reduce your costs and maximise your income, the better prepared you will be to absorb the financial shocks that interest rate rises could bring.

Click here to start My Money Steps.

Posted by My Money Steps

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