Remove 2009 Remove Debt Remove May Remove New Cars
article thumbnail

Why Save Money in a Low Interest Rate Environment?

Prairie Eco-Thrifter

Although we think of the Great Recession starting in early 2009, it wasn’t until 2013 that the 5 year CD interest rate fell below 1% – and has stayed there ever since according to Bank Rates interest survey data. Of course, depending on what we buy, we may experience some buyers remorse. Risk tolerance can dictate you save.

Money 124
article thumbnail

Stay the Course Financially

Prairie Eco-Thrifter

When the Great Recession began in 2008/2009, my boss at the time (a Vice President of the company) and her spouse consulted their financial adviser to see what they should do. percent in 2009, the U.S. In spite of a 2009 study by Scott I. They asked him what would likely cause us to come out of recession.

article thumbnail

4 Financial Lessons Your Parents Forgot to Teach You

Saving Cents With Sense

With PNC reporting that the average 20-something faces $45,000 in debt, and Generation Opportunity finding a 15.9 You might have to share your house with your roommates but, depending on your location, it may be better than being stuck in a studio apartment on your own. Read Up on Retirement Accounts. Tackle Student Loans.