Inflation is good for you, and other money lies I have to dispute CNN
This post is a little different than what I normally write about. It isn't directly related to travel or homeschooling, but if you are passionate about saving money like I am, you may appreciate what I have to say here. And, sometimes, I get sick of hearing something so much that I get a bug in my ear and write until it's satisfied. Here is t he link to the article from CNN that has me up and typing like mad this morning. It begins something like this: "... inflation can actually be a good thing for many working-class Americans, especially those with fixed-rate debt like a 30-year mortgage." She argues that your house is increasing in value while your mortgage payment stays the same. This is true. However, this would be happening even if the prices on every other thing you buy wasn't tripling in price at the same time. And, this ONLY applies to that specific situation - renters don't benefit, those with variable rate mortgages don't benefit. And, if your ...