Tuesday’s need-to-know money news

Today’s top story: 4 common debt consolidation mistakes and how to avoid them. Also in the news: Inflation could be sapping your pandemic savings, how your driving habits can lower your insurance bills, and how lifestyle creep can erode your savings one raise at a time.

4 Common Debt Consolidation Mistakes and How to Avoid Them
Before you consolidate, build your credit, assess your budget and compare consolidating to other debt payoff strategies.

As Pandemic Saving Settles, Inflation Could Sap Your Surplus
In the midst of the coronavirus pandemic, many Americans have been able to tuck away more cash than ever before.

How Your Driving Habits Can Lower Your Insurance Bill
Telematics insurance can help you lower your car insurance rates, as long as you’re a safe driver.

Lifestyle Creep: Eroding Your Savings, One Raise at a Time
Lifestyle creep may put your retirement savings at risk more than anything else.

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