• Discounts and special offers
  • Subscriber-only articles and interviews
  • Breaking news and trending topics

Already a subscriber?

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and Privacy Policy.

Not interested ?

Take steps to reduce debt and save money when rates are high

As O’Leary indicated, you may have to downsize — particularly for items that require borrowing money.

Reducing debt amidst high interest rates can be daunting, but you can actually save money by consolidating your debt with a personal loan from Credible.

Credible makes it easy to streamline your debt repayment at an affordable rate. Their online marketplace of vetted lenders provides personalized debt consolidation loan offers based on your needs, allowing you to pay off your debt more efficiently at a fixed rate without juggling multiple bills.

Debt repayment isn’t the only place you could be saving money in the current financial reality. You can reduce the cost of essential bills like home insurance and auto insurance just by taking a closer look at what’s available.

OfficialHomeInsurance is a platform where you can compare the best home insurance rates in your area. All you need to do is answer a few basic questions and they’ll instantly sort through leading insurers in your area to find you the best deals available.

Bestmoney.com can help you compare and find the best financial products— like car insurance — for you. When you fill in a bit of information about yourself, besmoney.com will provide you with a list of the best and most affordable car insurance options near you. There are essentials you need to include in your budget, but there’s no reason why you can’t cut down on the costs amidst high inflation.

Find inflation-resistant investments

Inflation-resistant investments can act as a solid safeguard against economic volatility. A report by First National Realty Partners — a private equity firm that specializes in real estate — stated that in times of market stress, there’s an opportunity to acquire high-quality properties at a discount.

With FNRP’s platform, accredited investors have access to institutional-quality, grocery-anchored commercial real estate investments. And since the investments are necessity-based, they tend to perform well during times of economic volatility and act as a hedge against inflation.

But you don’t have to be an accredited investor to make your mark in real estate. If you want to be able to make smaller investments, you can use Arrived — an online platform where you can invest in shares of rental homes and even vacation rentals — to get into real estate without taking on the responsibilities of property management.

Getting started is simple. Begin by browsing a curated selection of homes, vetted for their appreciation and income potential. Once you find a property you like, you can choose the number of shares you want to buy. With Arrived, you can start investing in real estate with just $100.

You don’t have to stop at real estate. You can also take advantage of inflation-hedging investments such as gold.

By opening a Gold IRA — a type of individual retirement account that allows you to invest in gold and other precious metals in physical forms — with Rosland Capital you can diversify your portfolio and stabilize your finances.

If the prospect of a downsized America has you wanting to readjust your financial plan, consider getting a financial advisor to help get you on the right track. Finding a financial advisor that suits your specific needs and financial goals is simple with WiserAdvisor.

WiserAdvisor’s online platform connects its users to vetted, registered financial advisors after answering some simple questions. WiserAdvisor will connect you with 2-3 personalized matches that you can read up on and even have an obligation-free phone call with to determine if they’re the right fit for your financial goals.

About the Author



Moneywise Editorial Team

The Moneywise Editorial Team is a group of passionate financial experts, seasoned journalists, and content creators who are deeply committed to providing unbiased, relevant, and accurate financial information. With years of combined industry experience, our team is dedicated to maintaining the highest journalistic standards and delivering informative and engaging content. From personal finance and investing to retirement planning and business finance, we cover a broad range of topics to suit the financial needs of our diverse readership. You can trust the Moneywise Editorial Team to empower you with the knowledge and tools necessary to make wise financial decisions.

What to Read Next


The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.