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Well in that case you're losing potential interest on that money, and also (much more significantly) depreciation.
by magduf 7y ago
Well in that case you're losing potential interest on that money, and also (much more significantly) depreciation.
- jacquesm 7y agoThe last time I got any interest worth mentioning on money was more than a decade ago. Yes, assets depreciate, cars more than most. So don't buy new, buy second hand.
- magduf 7y ago>The last time I got any interest worth mentioning on money was more than a decade ago. What's "worth mentioning"? My bank gives me about 2% on savings; it's not huge but it's certainly enough to switch banks over. If you're not making any interest in a bank, you're at the wrong bank.