So, we did our first podcast. I know what you’re thinking: “Oh, come on! It’s bad enough that he does a blog. But now a podcast?? What could I have done to deserve this?” I just want you all to know that it is my Office Manager's fault. She wore me down until I finally buckled. You can find our first podcast on our website under the "Media" heading. It is our hope that it doesn’t put you to sleep, and that you enjoy it. Please give us feedback.
Well, the Fed decided to raise interest by another .25% yesterday. Which means credit card interest which averaged 16.4% last year should average out to around 20%. Housing or Mortgages have gone from 6.66% in January to about 6.85% for a 30-year fixed. I was talking to a couple of friends over breakfast last week (Yes I have friends) and we were reminiscing about our first mortgages back in the mid 1980’s. We averaged about 12% on a 30-year fixed. So, when you put the whole mortgage thing into prospective, it isn’t that bad.
As far as credit cards go, you know how I feel. Don’t use them if you don’t have to. You don’t “Gotta have it.” Is there anything worth 20% more than what you are willing to pay? If there is let me know so I can spend an extra 20% too.
Finally, I want to wish you all a great Spring and don’t forget to check out our podcast.