When I learned that the inflation rate is around 2.9% a year, I started to freak out. this means that the money I have sitting in the bank getting interest of .01% a year is losing basically 2.89% buying power every year. The money I was saving I was actually losing. The crazy thing is most people were also in the same position as me, keeping their funds at a brick and mortar bank and only getting .01% interest. So, guess what I did? I switched my savings account from Chase to Barclay online saving. They give 2.5% interest on your money. Yes, that is correct, two-point-five percent per annum. …
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Things You Can Do Today To Achieve Your Money Goals…Tomorrow
Ok, maybe tomorrow you won’t see much of a difference, but in a month, you will, and in a year, you may have to come up with new goals because this article helped you accomplish your current ones Do an income/spending ratio analysis to inform yourself where you are at. The first thing to hitting almost every goal, including your money goals, is to be well informed. When hitting your money goals, you should know how much money you are spending and on what, to reevaluate your situation. Look at how much money you spend on the big required stuff like Rent, insurance, student loan payments and car payments. Then…
