19/09/2024

spry. guys on interest rates.

interest rates.

join the spry. guys as they discuss the imminent interest rate decision/s and the areas it will impact your personal financial planning.

the SARB announce our local interest rate decision today - what do you think will happen? How deep do they cut, 25bps or 50bps?

here are a few tips when it comes to interest rates:

stay informed:

keep track of repo rate announcements and understand how they might impact your finances.

review your debt:

if you have variable-rate loans, consider how potential rate changes might affect your repayments. It might be worth exploring fixed-rate options for more stability.

build an emergency fund:

having savings to fall back on can help you weather periods of higher interest rates.

seek professional advice:

a financial planner can help you navigate the complexities of interest rate changes and adjust your financial strategy accordingly.

consider your investment strategy:

in a rising interest rate environment, reassess your investment portfolio to take advantage of potentially higher returns on interest-bearing investments.

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