Comments on: Frustration: My savings accounts aren’t keeping up http://thebudgetingbabe.com/2008/06/15/frustration-my-savings-accounts-arent-keeping-up/ A personal finance blog for career minded women with small budgets and big dreams. Sun, 05 Aug 2012 15:47:43 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Canada realtor http://thebudgetingbabe.com/2008/06/15/frustration-my-savings-accounts-arent-keeping-up/#comment-3292 Canada realtor Wed, 25 Feb 2009 22:48:00 +0000 http://thebudgetingbabe.com/?p=421#comment-3292 I think you have no reason to be pessimistic, you are doing good, much better then most of your neighbors and friends I guess...With interest rates lying on the floor hardly anybody is beating inflation. Just have patience for some months more...<br/>Take care and good luck<br/>Elli I think you have no reason to be pessimistic, you are doing good, much better then most of your neighbors and friends I guess…With interest rates lying on the floor hardly anybody is beating inflation. Just have patience for some months more…
Take care and good luck
Elli

]]> By: Anonymous http://thebudgetingbabe.com/2008/06/15/frustration-my-savings-accounts-arent-keeping-up/#comment-2883 Anonymous Thu, 26 Jun 2008 18:33:00 +0000 http://thebudgetingbabe.com/?p=421#comment-2883 Have you considered I-Bonds or TIPS? Both inflation-protected. Pros and Cons to both. I bought some I-bonds just before they lowered the fixed rate portion of the I-bond. Now the fixed rate portion is at 0%, but the adjustable rate keeps up with inflation. Go to savings-bond-advisor.com and there is some useful information on I-bonds at the website.<br/><br/>Not a primary savings strategy for me, but it is an easy place to put a few grand that I don't need for at least a year, preferably 5 or more, and is a hedge against inflation. And should I need it in a year for something, I can break a $500 bond (or more) and leave the rest alone, keeping up with inflation. Have you considered I-Bonds or TIPS? Both inflation-protected. Pros and Cons to both. I bought some I-bonds just before they lowered the fixed rate portion of the I-bond. Now the fixed rate portion is at 0%, but the adjustable rate keeps up with inflation. Go to savings-bond-advisor.com and there is some useful information on I-bonds at the website.

Not a primary savings strategy for me, but it is an easy place to put a few grand that I don’t need for at least a year, preferably 5 or more, and is a hedge against inflation. And should I need it in a year for something, I can break a $500 bond (or more) and leave the rest alone, keeping up with inflation.

]]> By: Jenn http://thebudgetingbabe.com/2008/06/15/frustration-my-savings-accounts-arent-keeping-up/#comment-2882 Jenn Thu, 19 Jun 2008 19:47:00 +0000 http://thebudgetingbabe.com/?p=421#comment-2882 What's your saving strategy? Do you put a certain amount away each month? A percentage? Do you have credit card debt? What’s your saving strategy? Do you put a certain amount away each month? A percentage? Do you have credit card debt?

]]> By: Kizz http://thebudgetingbabe.com/2008/06/15/frustration-my-savings-accounts-arent-keeping-up/#comment-2880 Kizz Tue, 17 Jun 2008 18:27:00 +0000 http://thebudgetingbabe.com/?p=421#comment-2880 Well, regardless of what you do with this money, given the recent flooding, corn is not a good investment right now, I'd guess. Or maybe it is since the price will be skyrocketing soon, I don't know. <br/><br/>Hmmm, how does that work? Well, regardless of what you do with this money, given the recent flooding, corn is not a good investment right now, I’d guess. Or maybe it is since the price will be skyrocketing soon, I don’t know.

Hmmm, how does that work?

]]> By: Anonymous http://thebudgetingbabe.com/2008/06/15/frustration-my-savings-accounts-arent-keeping-up/#comment-2879 Anonymous Mon, 16 Jun 2008 18:13:00 +0000 http://thebudgetingbabe.com/?p=421#comment-2879 Yes it has been a frustrating 12 months or more regarding declining interest rates for thouse of us who have CASH stashed away. Look regularly at Bankrate for current high yields. I just looked and the 1 year rates are close to 4% now. I've done online CD's before to chase rates. If you go with a reputable institution you are fine.<br/><br/>As inflation increases, interest bearing accounts and CD rates should also increase, but there is some lag. I hope rates bump by early Fall since I have a few CD's maturing then. <br/><br/>Keep your chin up! Yes it has been a frustrating 12 months or more regarding declining interest rates for thouse of us who have CASH stashed away. Look regularly at Bankrate for current high yields. I just looked and the 1 year rates are close to 4% now. I’ve done online CD’s before to chase rates. If you go with a reputable institution you are fine.

As inflation increases, interest bearing accounts and CD rates should also increase, but there is some lag. I hope rates bump by early Fall since I have a few CD’s maturing then.

Keep your chin up!

]]> By: Nicole http://thebudgetingbabe.com/2008/06/15/frustration-my-savings-accounts-arent-keeping-up/#comment-2878 Nicole Mon, 16 Jun 2008 14:15:00 +0000 http://thebudgetingbabe.com/?p=421#comment-2878 Wow, good money blog, great point about the housing market deflation. I would have never thought to look at it that way. Thanks! Wow, good money blog, great point about the housing market deflation. I would have never thought to look at it that way. Thanks!

]]> By: Nels http://thebudgetingbabe.com/2008/06/15/frustration-my-savings-accounts-arent-keeping-up/#comment-2877 Nels Mon, 16 Jun 2008 13:53:00 +0000 http://thebudgetingbabe.com/?p=421#comment-2877 Remember that the point of a savings account is not <em>just</em> to earn interest. It's to save money so you have it to spend on something (like a house) later. And $15,000 in a year is an awesome accomplishment. Keep up the good work! Remember that the point of a savings account is not just to earn interest. It’s to save money so you have it to spend on something (like a house) later. And $15,000 in a year is an awesome accomplishment. Keep up the good work!

]]> By: Good Money Blog http://thebudgetingbabe.com/2008/06/15/frustration-my-savings-accounts-arent-keeping-up/#comment-2876 Good Money Blog Mon, 16 Jun 2008 03:19:00 +0000 http://thebudgetingbabe.com/?p=421#comment-2876 Don't worry about your retirement accounts unless you plan to retire soon (which is not the case), the stock market has its up and down over the years.<br/><br/>For your $25K, don't feel bad about the low rates and the inflation because the housing market is still deflating for you. That's what that $ is used for, right? Don’t worry about your retirement accounts unless you plan to retire soon (which is not the case), the stock market has its up and down over the years.

For your $25K, don’t feel bad about the low rates and the inflation because the housing market is still deflating for you. That’s what that $ is used for, right?

]]> By: Anonymous http://thebudgetingbabe.com/2008/06/15/frustration-my-savings-accounts-arent-keeping-up/#comment-2875 Anonymous Sun, 15 Jun 2008 13:58:00 +0000 http://thebudgetingbabe.com/?p=421#comment-2875 I am new to the pf blogging world, but the ones that I have been reading a good, but yours is great. Seriously I think it is the best one out there. Thanks!<br/>Alli I am new to the pf blogging world, but the ones that I have been reading a good, but yours is great. Seriously I think it is the best one out there. Thanks!
Alli

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