With the hotter-than-expected March CPI report revealing rising costs across key sectors, Her Financial IQ founder Jessica Perrone joins Wealth! to discuss strategies for navigating this challenging financial landscape. Perrone emphasizes that the best way to gain control over one's finances is to develop a strategic approach to interest rates, "to put your money to work and build that wealth." Given the current interest rate environment, she recommends opening a high-yield savings account to accumulate extra savings. Perrone also suggests focusing on improving credit scores, as this can lead to lower interest rates on various purchases. Perrone advises "not spending more than you're making" and living within a budget, even recommending using a budget tracker to identify potential savings opportunities. To rebuild credit, she suggests making at least the minimum payments to demonstrate responsible repayment while working to pay down debt levels. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith

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