As Interest Rates Plummet, Here’s How Savers Can Stay Above Water

If there’s one thing personal finance experts can agree on, it’s the benefit of a high-yield savings account. They’re easy to open online with no fees, and can help grow your savings through interest earnings. But circumstances are different this year. In just a few months, following the coronavirus pandemic and ensuing recession, high-yield savings account … Continue reading As Interest Rates Plummet, Here’s How Savers Can Stay Above Water

INTEREST RATES WENT NEGATIVE | GOODBYE SAVINGS

Interest Rate Futures just began trading negative - here is what this means, how negative interest rates would impact you, and how you could get paid to borrow money - enjoy! On May 8th, MarketWatch published an article on what’s known as the Federal Funds Rate…which is the interest rate that BANKS charge OTHER banks … Continue reading INTEREST RATES WENT NEGATIVE | GOODBYE SAVINGS

I know when the lockdown will end.

Dear Financial Minimalists,  One of the best ways to get through a difficult time is to set a conservative time limit for how long you may have to endure the pain. Having a conservative time limit drastically reduces your stress and anxiety. And a happy life is all about consistently surpassing expectations.  For example, have you ever needed to … Continue reading I know when the lockdown will end.