Key takeaways Decisions made by the Federal Reserve to increase the benchmark rate do not directly impact auto loans but rather the cost for banks to lend. The higher the Fed sets rates, the higher…

Key takeaways An emergency fund helps ensure you can handle unplanned expenses, whether from a job loss or a substantial car repair or medical bill. Saving three to six months’ worth of essential expenses is often recommended, but individual circumstances may require saving more or less. Automating savings and using…