When the times change, you have to change with them. This is especially true when it comes to your personal finances. With interest rates steadily climbing, it's time for a discussion on how it impacts your personal financial decision-making. Should you pay off debt? Should you save for a house? Pay down your home? Invest in the stock market?
There are plenty of financial decisions you must think about routinely and ensuring they are the right ones is critical to your financial success. We have been in an era of low-interest rates for ten years, and now those rates are going up and (probably) will stay up. You can not make decisions the same way when the environment changes.