Experts believe the Federal Reserve will increase the interest-rate by three-quarters of a percentage point by sometime Wednesday. That will have a major impact on the economy, as financial decisions loom for families everywhere.
As stocks tumble deeper into bear market territory, food costs rise, and gas prices seemingly climb higher by the hour, many are wondering if there are concrete financial moves to make now. "We don't go out to dinner for a lot of reasons these days. One reason is because the food isn't that good anymore because they have to make adjustments," said Alan Graham. Making smart adjustments, like cutting back on water usage to lower a bill in the hundreds of dollars too, can make a difference.
"It's all about losing less so when the market comes back you are in a position to gain more," said George Noceti. The older you are, your portfolio has to be more conservative with guaranteed fixed income.
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