Inflation hits 7.9%; money moves to make now

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Inflation hits 7.9%; money moves to make now
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Smart money moves to help fight inflation and before interest rates rise.

To save on travel during inflation, Berg suggests flying on less popular days, such as Thursday instead of Friday, and checking nearby regional airports, such as Providence rather than flying into a hub like Boston.

"Start tracking prices now, so if you see a great deal today, definitely book it today. Or use a price tracking tool like Hopper, so you’ll get notified if prices start to rise sooner than you’re ready to book," said Berg. Use frequent flier miles, credit card points, or travel vouchers you may have received during the pandemic.

Another money move to make now is to pay down credit card debt, as most cards are variable rate interest, which could start rising in March. "The Fed raises the rate. The banks raise their rate, and we pay the price," said Paul Oster with credit repair firm

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