Friday’s need-to-know money news

Today’s top story: 7 ways your small business can spend smarter. Also in the news: How to pay for summer fun, interest rates on new federal student loans going up for 2022-23, and why you shouldn’t wait to sell your used car.

7 Ways Your Small Business Can Spend Smarter
Small-business owners detail the money lessons they’ve learned over the years and especially during the pandemic.

How to Pay for Summer Fun: Financing Boats, RVs and More
Before deciding to finance a summer toy, consider your budget, what financing options make the most sense and any related costs.

Interest Rates on New Federal Student Loans Going Up for 2022-23
Federal student loan interest rates will increase over 1 percentage point; the changes go into effect July 1.

Why You Shouldn’t Wait to Sell Your Used Car
Thanks to inflation, prices for used cars are through the roof—but they won’t be forever.