If you have an adjustable rate mortgage and good credit, for example, it could make sense to refinance into a fixed-rate loan, O’Neill says. INFLATION ISN’T ALL BADThose unaccustomed to rising prices may be surprised to discover that inflation has some advantages. It’s often easier to get a raise , because employers can pass along the cost in higher prices (although that can start to feed on itself, with higher prices triggering more demands for raises). Social Security benefits include cost-of-living increases, so higher inflation can mean bigger checks. Liz Weston is a columnist at NerdWallet, a certified financial planner and author of “Your Credit Score.” Email: lweston@nerdwallet.com.

Source: ABC News July 05, 2021 10:52 UTC