Changes in interest rates don't affect your financial planning.

Question

Quizplus · Accepted Answer

Changes in interest rates can affect your financial planning as they impact the rates you receive on savings, loans, and investments. For example, if you have a variable rate mortgage or adjustable rate loan, a change in interest rates can affect your monthly payments. In addition, a decrease in interest rates may mean lower returns on savings accounts and investments, while an increase in rates may mean a higher return. It's important to consider interest rates when making financial decisions and adjusting your planning accordingly.

Changes in Interest Rates Don't Affect Your Financial Planning