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Once again, the Fed slashed interest rates – now down to 3%. Ouch.
This is BAD news for savers. Watch for interest rates to continue their plummet. I predict that ING will be one of the first to slash rates (as usual).
Where/When will it stop? Let’s take a look at past rates. Here is a link [...]
I suspect you’ve heard by now that the Fed unexpectedly slashed interest rates this morning down to 3.50%. Will the rate slashing stop now? My magic 8-ball says, “outlook does not look good.”
In other words, there’s no time like the present to lock in a CD. Sadly, I’m afraid that any remaining 5% [...]
While on a Christmas vacation at a family member’s house, I noticed The Automatic Millionaire (2003 – by David Bach) sitting on a shelf. I had heard of it before, so I decided to give it a read. Here are my thoughts:
Some main points from the book:
Make saving automatic (pay yourself first)
No budgets necessary
Eliminate wasteful [...]
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