Thursday’s need-to-know money news

Today’s top story: How the September 2022 fed rate increase will impact your bank account. Also in the news: 6 new rules for smarter European travel, how to weigh the risks and rewards of buying a used EV, and Fed boosts rates yet again, pushing down home affordability.

How the September 2022 Fed Rate Increase Will Impact Your Bank Account
Expect higher rates on savings accounts and CDs. Don’t hold your breath on interest checking accounts.

6 New Rules for Smarter European Travel
If you’re planning a trip to Europe, consider the following tips to save money and have a better experience.

Is a Used Electric Vehicle a Bargain or a Trap?
Here’s how to weigh the risks and rewards of buying a used EV.

Fed Boosts Rates Yet Again, Pushing Down Home Affordability
The Federal Reserve continued to shout from the rooftops Wednesday that it will do what it takes to get inflation under control.

Monday’s need-to-know money news

Today’s top story: Combating inflation, and saving for retirement amid climate change. Also in the news: 3 ways to lessen the impact of inflation on your small business, 3 ways small-business owners will feel a fed rate increase, and how to get on top of planned expenses with sinking funds.

Smart Money Podcast: Combating Inflation, and Saving for Retirement Amid Climate Change
Things may seem grim, but you can still take steps to set yourself up for long-term financial success.

3 Ways to Lessen the Impact of Inflation on Your Small Business
Lessen the impact of inflation on your business by raising your prices, refining your operations and working with a financial advisor.

3 Ways Small-Business Owners Will Feel a Fed Rate Increase
The Federal Reserve plans to raise interest rates multiple times in 2022.

Get on Top of Planned Expenses With Sinking Funds
Mapping out big purchases in advance gives you time to save by adding regularly to “sinking funds” for each goal.