Posts Tagged ‘Inflation’
If you’re a homeowner, you know you need homeowners insurance coverage — but what do you REALLY know about it? Are you spending more than you need to or are you inadequately covered? Often, you could make a few small changes to your policy or how you put in claims to save considerable money over the course of the year. Here’s what you should know about homeowners insurance.
Photo by Woodley Wonderworks via Flickr
You Might Have More Coverage Than You Need
Many homeowners insurance policies increase your coverage amount automatically each year to adjust for inflation. Most of the…
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Flickr, Home Insurance, Homeowners Insurance, Housing Market, Inflation, Insurance Coverage, Insurance Policies, Insurance Premium, Insurance Quotes, Insurance Rates, Loyalty Doesn, Necessary Expense, REALLY, Recession, Search Tool, Small Changes, Wonderworks, Woodley Wonderworks
It doesn't take any skill at prognostication to make this forecast: Interest rates are heading up. For one thing, they can't go any lower.
Whether you think rising interest rates is good or bad mainly depends on whether you're a borrower or a lender. If you run a small business that depends on credit to buy raw materials or inventory, then rising interest rates are bad news. If you're a member of the rentier class and live on interest and dividends, then rising rates will be a boost to your income.
Of course, it's an over-simplification to speak of…
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Adjustable Rate Mortgage, Bad News, Borrowers, Dividends, Financial Institutions, Inflation, Mortgage Rates, Poor Credit, Prognostication, Raw Materials, Rising Interest Rates, Small Business, Year Mortgage
Ally Bank has been making several customer-friendly tweaks to their product line which are worthy of note. First up are two that give you a way to lock in a higher rate, but with a handy exit plan in case rates start rising due to inflation or other governmental intervention.
60-day Early Withdrawal Penalties
The usual deal for a certificate of deposit (CD) is that you agree to keep your money at a bank for a fixed length of time, and the bank agrees to give you a higher interest rate in return since it allows them to…
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Ally, Apy, Bank Cds, Banks, Certificate Of Deposit, Early Withdrawal Penalty, Inflation, Interest Penalty, Interest Rate, Length Of Time, Lost, Rising Interest Rates
Interest rates are still pretty low as we enter 2010, but I remind people that high nominal rates aren’t always better. Would you rather earn 3% with no inflation or 7% with 5% inflation? In any case, most of us have a chunk of cash and we should still try to earn the most no matter what the rate environment is like right now.
High-Yield Reward Checking Accounts
These are checking accounts that are still fully insured and pay a very high interest rate, as long as you jump through certain hoops each month. This also means that…
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25k, Amp, Apy, Billpay, Card Purchases, Cd Rate, Checking Accounts, Chunk, Current Account, Direct Deposit, High Interest Rate, High Yield, Hoops, Inflation, Interest Rates, Mistake, Reward Checking
Benjamin Roth was a lawyer in Youngstown, Ohio during the Great Depression and kept a regular diary of his impressions during the era. The diary was required reading for his son who also became a lawyer at the firm he started, in order to understand what their clients went through. After the recent crash, it has now been published as a book called The Great Depression: A Diary.
The book is primarily a straight transcription of the original handwritten journal, with a few editor’s notes to provide a little additional background when needed. Each entry is dated, and…
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