In working on my taxes, I observed that we found more change while walking the dogs last year than we “earned” in interest on our five figure savings account. How different this is from the 1980’s when mortgage interest rates were double digit.
I do remember some pundits predicting an interest rate fall; not a terribly hard prediction when rates were about 18%. They were simply unsure how low they would go. I wonder if they ever thought the world would see negative savings interest?
You must admit that you two find quite a bit of change on your walks!
However, your point is well taken. In “Your Money or Your Life” they
advise buying T-notes, which at the time it was written made sense. I
don’t know that they ever imagined 3% for a 30 year note.
Very good start to your blog. Keep writing!
Jon
The dear bride finds most of it. About twice a year we will find a ten or a twenty dollar bill. They all go into the special projects jar.
I never imagined sub-3% mortgage! Especially when we were paying 16%.
Thanks, I hope to.