The interest rates have dropped again. Right now we get 0.05% percent interest on our savings. Combined with an inflation of about 1.5% it means we are getting poorer every month. An example:
Savings: 100 EUR
Interest: 0.05%
Inflation: 1.50%
After 1 year we will have 100.05 EUR, but everything we can buy just got 1.5% more expensive. A product that used to cost 100 EUR will, after a year, cost 101.50 EUR, and will not no longer be able to buy it. Even though we got 0.05 cents of interest we actually lost 1.45 EUR in value. Losing so little money is not so bad, but if you have 10.000 EUR in savings you will be losing 145 EUR, which is quite a lot of money.
The solution seems simple, buy stuff now, spend your money and use all those euros. Leave only a little bit on your account at the bank. Only for real emergencies it is worth keeping your money in your account. Another good thing about spending (and maybe even the reason behind the low interests) is that the economy will get a nice boost by the increased spending.
Something I quickly noticed in the Nederlands was that a lot of people were walking around with a
One week ago we went to the center of the island and we collected almost 10 kilos of walnuts. They were early this year and we arrived before the rush, so we could collect quite a lot of nuts. The ground was covered and just a little movement of the branches made lots of nuts fall down from the tree.
There is a clear trend of things getting automated. In our new car for example we never have to touch the light switch. If it is dark outside, or we are in a tunnel the lights switch on. Since a couple of days our floor is also kept clean by a robot. Not the well known rumba, but we have an iLife.
Last Sunday it was fathers-day, and I clearly noticed. During the entire day I received lots of presents. Bonbons, a personalized shirt for running, an own for on the fridge and lots more.
Finally I found something at which I am very good. I was asked to do a
Four days we were in Leeds, and it was cold and rainy, but we had a lot of fun. We took Alex with us and he loved the early norming breakfasts with bacon, and ofcourse the fish and chips.