Stretching Your Dollar: How to Negotiate Your Bills
Milan Singh, founder and creator of Milan Media, joined Cheddar News' 'Stretching Your Dollar' to talk about the power of negotiation, particularly when it comes to your bills. He said one of the most important steps is doing research to compare prices and be willing to walk away from a business if rates are not in alignment with what you see elsewhere. "If they aren't going to help, then there's so many service provider offering the same service nowadays and if you've done your research, then you should be able to walk away and get those rates from somewhere else that you want," he said.
Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.