Will the rise in interest rates cause you to cut back?

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Will the rise in interest rates cause you to cut back?

If yes, where will you cut first?

2007-07-06 07:24:59 · 3 answers · asked by Happle 3 in Business & Finance ➔ Personal Finance

3 answers

It wont cause me to cut back at all, as I have a fixed rate mortgage. I will however aim to increase my savings.

2007-07-06 07:28:45 · answer #1 · answered by Anonymous · 0⤊ 0⤋

The rise in gas and food prices have caused me to cut back! The mortgage didn't change. I try to save more and invest more in dividend-paying stocks with high yields to offset future expenses.

2007-07-06 17:02:17 · answer #2 · answered by saurus3118 5 · 0⤊ 0⤋

Not in the least, but then I only use credit cards for billing convenience. The statement is paid in full every month when it arrives.

2007-07-06 17:59:39 · answer #3 · answered by acermill 7 · 0⤊ 0⤋