How to Protect Your Money From the Fed Funds Rate

When the feds start to raise the Fed funds rate again it will have an effect all across the board. All of you should at least have your money in money market funds, whatever it may be that's giving you at least 3%, 4., 4.5% on your money. Think twice about if you're going to take a vacation and you have to put it on a credit card. The interest rates that you will be paying on credit cards in most cases especially for cash advances will probably be 21, 22 or 23%. Never want to do a payday loan. If you want something but you don't need it and you don't have an 8 to 12 month fund that can carry you