Craig Bolanos is a financial expert with Wealth Management Group. He joined ABC7 Thursday morning with four things you need to do before the Fed raises interest rates.
RELATED: Federal Reserve plans to raise rates as soon as March to cool inflation
Step 1: First, you say refinance your home.
Step 2. Refinance your private student loans.
Step 3: Pay down your credit card
Step 4: Improve your credit score
Bolanos also explained how raising the interest rates can help reduce inflation.