What a 0% interest rate means for your budget

Peter Mallouk, president and chief investment officer of Creative Planning, says that the Federal Reserve's rate cuts present a lot of opportunity for your budget. The new rates can translate to everything from cheaper mortgages to better rates on your credit cards. Watch this video to learn more about what the rate cuts mean for you, and what Mallouk says you should do be doing now to pad your budget and grow your investments.