Financial Wellness Firm, Four Seasons Financial Education, Weighs in on 2015 Interest Rate Rise Prediction

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Four Seasons Financial Education weighs in on recent bankrate.com prediction of rising interest rates in 2015 and how this change may affect American families.

Financial Education Without a Sales Pitch

Financing won't be cheap forever

In a January 5th interview on Fox Business news, Greg McBride, chief financial analyst for Bankrate.com predicted that the Federal Reserve Bank would increase interest rates in 2015*. Although he cited the increases would be modest, he expects a few increases before year-end. Four Seasons Financial Education (FSFE), a provide of workplace financial wellness programs, feels this should be a wakeup call for those Americans that highly depend on debt, such as auto loans.

"Most Americans depend on auto loans to purchase vehicles," said Danton Troyer, one of the firm's board-Certified Financial Planners. "That financing has been cheap for many years now. As interest rates begin to climb, consumers should consider breaking the cycle of auto loans they depend on every five to seven years. Financing won't be cheap forever."

Troyer also said that consumer need to focus on paying off their loans in the next three years and build up cash for future vehicles to break the cycle of debt. He recommends three year auto loans or shorter if someone cannot but a car with cash. He also recommends reconsidering the price tag of a vehicle if outstanding credit card debt exists or retirement savings is lacking.

FSFE provides tools and training to employees on various financial planning topics as part of an employer's financial wellness program. Although they advocate for paying down consumer debts, not all debt is considered bad for consumers. Each person's needs are different and may require individual guidance.

About Four Seasons Financial Education
Four Seasons Financial Education provides workplace financial wellness services to companies throughout the US to help them improve their bottom line. Since 1986, we have helped corporate America increase workplace productivity by focusing on the most important asset of the company - the employees. Services provided through RFG Advisory Group, an SEC Registered Investment Adviser.

*http://tinyurl.com/pnxosu4

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