How to Manage Your Finances in a Volatile Economy

5 Basics of Personal Finance in a Crazy Economy

Between the congressional budget drama, debt ceiling deadlines, S&P credit rating downgrades and the fed funds rate announcement, it’s almost dizzying to try to understand what all of this economic activity means for your wallet. The best thing you can do is get back to basics and make sure your finances are ready to weather any financial storm. We cover five personal finance basics that you should always make sure are in order.

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Stock market data with uptrend vector

Fed Holds Key Rate, Sees Strength in Economy

Our smarty-pants friends at the Federal Reserve announced today that they will once again hold its Fed funds rate at the 0 percent to 0.25 percent range. Here’s the official press release from the Fed regarding its decision today and a translation (for the rest of us) from Quicken Loans Chief Economist Bob Walters.

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