Tuesday, September 7, 2010

The government help

The government has decided to help out people that spent money stupidly and bought houses they could not afford. This just rewards people for their poor choices and those who didn't make this mistake will end up paying for it!

Wednesday, September 1, 2010

Make your savings work for you

Yahoo finance has an article from last week that talks about how to get a higher rate on your savings then you get from your local bank. Some interesting tidbits from the article are. The current average interest rate for banks is far below half a percentage point a year. There are online banks out there that will give you 1.40% interest rate. Thats the equivalent of getting 3 times as much interest on your money each month which will continue to compound while you sit on it.

They also suggest reward checking accounts and using a 5 year CD. but if your looking to store liquid cash who cares how much money you will make if you lock the money in for the next 5 years. That option doesn't make sense when you can invest that money in other ways over the next 5 years and make more then 2.37%

I cant seem to post the link to the article but it is called 4 safe ways to earn more tinterest