#interest

LIV stars echo Rory: ‘People are losing interest’

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LIV stars echo Rory: ‘People are losing interest’ LIV Golf stars Jon Rahm, Phil Mickelson and Bryson DeChambeau agree that “too many people are losing interest” and “there’s got to be a way to come together.”

ESPN 899 2024-04-07

Is it smart to keep 0% interest debt to maximize investment returns?

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Is it smart to keep 0% interest debt to maximize investment returns? For example, I have a savings account that gets me 5% interest. I also have opportunities to pay some things back with 0% interest. I.e. via the Amazon prime credit card plus a 0% apr promotion that lasts for another 10 months. Should I be carrying as much 0% interest debt as I can reasonably pay back in time? Theoretically that money would go t…

Reddit Personal Finance 1.2k 2024-02-13

Worried interest rates won’t budge

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Worried interest rates won’t budge We are building a house and it’s projected to be completed in March of 2024. Which means we will get our final rate and open our mortgage in Feb/March 2024. When we started this process, rates were 6.4% for us and when we signed they were 7.5% and now they’re 8.3%. We can afford an 8.3% interest rate, albeit a little uncomfortably….. but my god…

Reddit Personal Finance 853 2024-01-30

Why do my interest and principal payment amounts fluctuate so wildly?

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Why do my interest and principal payment amounts fluctuate so wildly? Looking to take over a family member’s car loan. Got access to the app for some info but one month $40 goes to principal and $310 to interest and then another month 3 months after $185 goes to principal and $155 to interest. Each month seems to just a random amount of money from principle to interest. The call center has been no help to me. …

Reddit Personal Finance 799 2024-01-23

Should I pay the interest on my student loans while in school?

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Should I pay the interest on my student loans while in school? Hi, I am a new college student who had to take out federal loans for the year. I only recieved unsubsidized loans and the interest has started accruing. My loan is for $6500 total ($3250 for the semester, which is what I would be paying right now) with an interest rate of 5.5%. I just took on an auto loan and could not start making payments, bu…

Reddit Personal Finance 723 2024-01-19

Is there an unseen reason for putting a purchase on 0% interest for a time to pay off vs. paying it all off right now?

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Is there an unseen reason for putting a purchase on 0% interest for a time to pay off vs. paying it all off right now? My wife is a big proponent of this, any time we have a bigger project or purchase, say over $300, she will open up a credit card or account to put it on and pay it off over a time of say 12-18 months. She commonly opens up a credit card with the store or one of the big companies with a 0% introductory offer and then pays it off over the introduc…

Reddit Personal Finance 592 2024-01-17

Money sitting in savings with essentially 0 interest, looking to move to high interest account

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Money sitting in savings with essentially 0 interest, looking to move to high interest account Title. Is it as simple as opening a high interest account and wiring money from my existing account to the new account? Looking for any “gotchas” or penalties and advice on how to do it right to avoid any pitfalls. Thanks for any advice! submitted by /u/Legitimate_Page659

Reddit Personal Finance 728 2023-12-24

LPT: The worst thing you can do with your money besides spend it all, is save it in a no interest account.

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LPT: The worst thing you can do with your money besides spend it all, is save it in a no interest account. Speaking about my experience in the US. Had a friend stashing a couple dozen thousand dollars in a big bank basic savings with almost no interest. Since they are saving for a down payment, I educated them on the beauty that is high yield savings accounts and now they get a free $80+ dollars a month in interest while still having their money very…

Life Pro Tips 1.3k 2023-12-23

Is paying $380 monthly for a car before interest too much?

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Is paying $380 monthly for a car before interest too much? Hi. I take home $3,900 a month. I currently don’t have bills to worry about except my student loans since I live with my parents. I’m wondering if paying $380 a month for a car pre-interest would be too much. This will be a relatively new car (~26k miles Toyota SUV cross) and it has a 100,000 mile, seven-year warranty through the dealership. Wil…

Reddit Personal Finance 430 2023-12-17

The chilling distance of The Zone of Interest

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The chilling distance of The Zone of Interest Image: A24During World War II, the Germans designated the area surrounding Auschwitz the “zone of interest.” The dullness of the phrase was intentional, another euphemism as operative as “concentration camp.” In Jonathan Glazer’s sorta adaptation of Martin Amis’ eponymous novel, this self-delusion is on display. Hedwig Höss (Sandra Hüller) runs …

The Verge 943 2023-12-03

How do mortgage lenders make money on existing loans with rising interest rates?

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How do mortgage lenders make money on existing loans with rising interest rates? The original mortgage for my house that I bought in California in 2012 was for $625K at 3.6%, 30-year fixed. I refinanced in March 2021, $510K remaining, at 1.99%, 15-year fixed. With interest rates rising to 7%, 8%, and beyond, how is my lender earning anything off of my loan? submitted by /u/wavysail

Reddit Personal Finance 1.3k 2023-12-02

paying off low interest mortgage early

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paying off low interest mortgage early Could someone please help me with my math. I am lucky to have a sub 3 rate on a 30 year. I’ve been adding extra each month in order to reduce principal. Everyone says I am crazy since I am only “earning ~3%” on that extra payment when I can get a Treasury or something else for 5%+. But isn’t the fact that those extra payments go toward principal…

Reddit Personal Finance 1.1k 2023-11-29

Good time to take pension lump sum offer with interest rates being high right now?

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Good time to take pension lump sum offer with interest rates being high right now? My former employer offered me an option to take lump sum of $20K now or keep the pension plan which will be $375/month (no adjustment for inflation). I am 45 years old. I have done some math to help me decide… I can see that it is a fair offer considering the high interest rate we have right now. Assuming life expectancy of about ~14 years aft…

Reddit Personal Finance 841 2023-11-15

Plan 1 student loan – interest loans.

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Plan 1 student loan – interest loans. Graduated a long time ago (hence the plan 1) interest rate is usually around 1.0/1.75 but in the last 2/3 years the interest rate has suddenly started accelerating until it’s now at 6%. Can anyone share light as to why or whether this is in fact how it’s meant to be? submitted by /u/penguins12783

Reddit Personal Finance 1.3k 2023-11-14

Loan from parents… interest??

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Loan from parents… interest?? I am looking to purchase a home with my boyfriend in the next year or so. My parents have offered to buy said home in cash within our budget of around $400,000-$450,000. My boyfriend and I would then pay them back in monthly payments like a regular mortgage. How does this work with interest though? Obviously rates are very high right now and not…

Reddit Personal Finance 768 2023-11-13

Retirement Question .. Roth and Compound Interest

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Retirement Question .. Roth and Compound Interest I saw a video online from the Ramsey Show explaining the benefits of a roth IRA. I don’t care whether people like this guy, I just stumbled upon it while trying to research what I should do and I’m sure people find him informative while others find him to be a bum – this is the internet after all. But it’s the example I am going to use. A guy ca…

Reddit Personal Finance 591 2023-11-11