On this weeks ‘Talking Money’ which is a regular contribution to RTE’s Drivetime we covered the topic of savings rates. Last week we looked at what low rates does to debt (makes it more manageable), the flip-side to that coin is the savers market and now savers are stuck looking for a return that isn’t forthcoming from deposit rates. So how do you outperform? We had a few ideas, but the news is always the same, you have to take on risk to get higher return.
RTE Drivetime: Talking Money with Karl Deeter & Jill Kerby
We started off our ‘Talking Money’ series with RTE’s Drivetime (tune in Monday’s at 18:15!) with a talk about the effects of overpaying debt, in particular mortgages.
Paying off debt can often be better than savings because of the difference between the effect debt has on your wealth versus the effect of earned interest on savings. We covered all the bases and tried to explain it in plain English.
We hope you enjoy the weekly pieces which will run through the summer, and don’t forget to write down the hot tip we have each week!