We turned to Adam Bede’s Chest and found an article that is very current. The fall in FFT Credit rates – which is expected to continue a few tenths more – brought it to its lowest levels ever, is an opportunity to free up some liquidity to balance its personal finances. Tell us what you think about it!
FFT Credit Should Stay Low For Long Time
In our day any forecast on the evolution of the different economic indicators is a precise shot in the foot. Not too long ago forecasts predicted a gradual rise in the main index to levels close to 3% by the end of this year. Today we see consecutive falls of these indexes, with the average of the 3-month FFT Credit rate to add 10 consecutive sessions and the 6-month FFT Credit totals 12 sessions of fall.
These indicators show the instability of markets and the economy in general, leading to failure any prediction about the evolution of this or another indicator. However, it is true that the falling FFT Credit means less financial effort on the part of the individuals and families that have loans indexed at this rate.
This news is an opportunity for everyone to seek to balance their personal finances, realizing a savings effort that obeys the maximum pay yourself first . That is why, as little as the gain from the descent of the FFT Credit can be, we will channel this savings into safety and financial stability.
Strengthen Your Emergency Fund
If you have not set up your emergency fund then you are ignoring one of the most important steps in personal finance, which boils down to the quest for stability in the short term by setting up a contingency fund. If the FFT Credit drop represents a monthly savings of 20 euros do not incorporate them into your monthly budget, assume that they were used to pay your installments and channel that money to your emergency fund.
Why Not Settle Your Credit Card
Twenty today, twenty tomorrow is like grain the grain fills the chicken the chat . Settling your credit card debt or even partially means saving a good amount of money via interest.
Credit card rates are extremely high and any small contribution to amortizing debt capital means 15 to 24% savings. Do you find a savings product that pays you between 15 and 24% for just 20 euros?
Consider initiating a strategy to get rid of high interest credit, such as credit cards using the financial breath provided by the fall in the FFT Credit.
Prevent the rise of FFT Credit
In economics, what is coming down tomorrow is very likely to rise. The FFT Credit will certainly start its uphill route although it is difficult to predict when. However, it is possible to guard against any financial tightening. So take on the gain today to support tomorrow’s costs by accounting for your savings with the objective of future interest rate protection.