How to manage the mindset around debt as the cost of borrowing increases

A crucial part in identifying if a specified type of financial debt is excellent or bad is evaluating whether a mortgage is suitable for the distinctive situation.Rawpixel/iStockPhoto / Getty Visuals…

Borrowing costs hit multi-year highs after Fed hike

After years of cheap money, it’s suddenly a lot more expensive to borrow. The Federal Reserve has raised its benchmark short-term rate 3 percentage points since March in an effort to curb unrelenting…