ICP034 – Could you cope with an interest rate hike?

ICP034 - Could you cope with an interest rate hike?In episode 34 of the Informed Choice Podcast, Martin shares the latest personal finance news, and talks about coping with higher interest rates and your biggest money regrets.

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How would your household cope with higher interest rates? There’s been a lot of talk recently about interest rates rising. As the British economy continues to improve, the prospect of a rate rise becomes more likely.

According to a new report from credit ratings agency Moody’s, British households will be able to withstand a rise in interest rates as they have been “toughened up” by the global financial crisis.

Is this really the case? Martin shares a couple of exercises you might want to complete today to make sure your household budget could cope with higher interest rates.

Question of the week; when do you think interest rates will rise and by how much?

What are your biggest money regrets? A recent survey conducted by banking group Wells Fargo found wealthy individuals wished they had made better investing decisions, saved more and spent less, and stopped to enjoy their wealth more often on the road to accumulating their wealth.

Is Financial Planning the answer to investing with purpose and spending more time on ‘fun’? Martin thinks it might be and explains why.

Here are links to everything covered in episode 34 of the Informed Choice Podcast:

‘Tough’ UK households can take higher interest rates, says Moody’s

Rich People’s Biggest Money Regrets

Modern life is rubbish

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