Couldn’t you have done this a week ago?
We all know that the economy is crumbling in front of our eyes. And after that bailout bill and all these other attempts to fix the economy, the Fed and other countries are trying the old interest rate reduction trick again. You are probably sick of me talking about this every time it happens. As you may have noticed, we’ve got ING savings interest rates down to 2.75%, and checking interest rates down to 1.5%. They’ve gotten on that pretty quickly!
But really, my issue with it being this week instead of last week (if it had to happen at all) is that my variable student loan interest rates are readjusted every quarter. So, October 1st was the first day of the fourth quarter…which means I’m stuck with the same rate for my loans, but lower rates for my savings. Yes, I complain about these things every time. And I know that there are a lot of people worse off. I’m just laying things out there.
That’s really all I’ve got for now. I’ve been trying to follow a lot of what’s been going on in the financial world, but to be honest, it’s a bit depressing. Though it’s odd when you think about how so many people are now finally thinking about living within their means and avoiding going into further debt. Hooray living within your means!