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0% Interest Rates Forever! - The Dollar Stretcher
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The Dollar Stretcher

The Dollar Stretcher blog will explore people and money.

0% Interest Rates Forever!

Just saw that the Federal Reserve says that they don't plan on raising interest rates until the end of 2014 (NY Times). That's going to create some challenges for folks like us who believe in savings. Probably a good topic for a future article. Finding good places to get a reasonable return on our money in this environment. I'll let you know when it's written!

Probably also means that the Fed doesn't expect the economy to take off any time soon. That they expect things to muddle along pretty much the same as they have for the last few years.

We don't have space to go into a 'what you should do now' type of piece. But, it is a good reminder that we'd all be wise to pay attention to our personal finances. Not only doing what we can to watch our expenses, but also to guard our savings, too.

Keep on Stretching those Dollars!

Gary

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About Gary

For more than 25 years, Gary Foreman has worked to manage money effectively. Prior to starting The Dollar Stretcher, he was a financial planner and purchasing manager. While helping clients manage their hard earned money as a financial planner, he applied commonsense, time-tested techniques during the turbulent 1980’s. The experience convinced him that you didn’t need to hit the lottery to accumulate significant wealth. Following that, Gary had an opportunity to learn more about how to get the best value for a dollar spent in the corporate world. As the Purchasing Manager for a computer manufacturer, he was responsible for supervising over $10 million in annual purchases. Gary began The Dollar Stretcher website <www.TheDollarStretcher.com> and newsletters in April 1996. Over 300,000 readers benefit from the time and money saving ideas presented in The Dollar Stretcher newsletters each week. His mission is to help people "Live Better for Less". He also provides private label newsletters for companies wishing to provide money saving information for their clients and/or prospects. Gary lives in Florida along with his wife of thirty years and their two children. Much of his time is spent working with the men's ministry of his church. One of their ongoing projects is the "Holy Smoke BBQ" which sells bbq on Friday nights with the profits going to support local foster kids and orphans. When he has a free moment you’ll find him restoring a Checker station wagon nicknamed “Two Ton” or cruising in a '65 Impala SS Convertible with doo-wops playing in the background.

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Gary is a former financial planner and purchasing manager who edits The Dollar Stretcher website <www.stretcher.com> and newsletters. You can follow Gary on Twitter.com/gary_foreman
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