 In December the Federal Reserve raised interest rates for just the second time in the last seven years. While the details of how much and when the Fed changes interest rates are subject to the speculation of economists, one thing is certain: a rise in interest rates has a definite effect on consumers. And, with the Fed signaling its intent to raise rates several more times throughout 2017, consumers should consider the potential impact that a rising interest rate environment can have on their wallets. These tips are intended to help you do just that.
 Tips for College Grads and Everyone Else
Everyone has to begin building credit at some point, although it can be a tricky situation. Without a credit card, it’s hard to build credit history. Without credit history, it’s hard to qualify for a credit card. Following college graduation is often when individuals apply for their first credit card but there are many others who don’t start building credit until years after they’re eligible. If you’re under 21 years old, you’ll need either a card co-signer or a verifiable income to prove you can repay your credit card.  The price of earning a college degree has increased dramatically over the past decade. The amount of student loans now surpasses credit card debt in the U.S., having reached more than $1 trillion in 2013. Furthermore, for students and their parents, the complicated logistics of financing college can be overwhelming. Below are tips to consider when navigating the maze of financial options.
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Pennsylvania Association of Community Bankers
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