Just had to chuckle because my wife and I are doing something that the average person should never do (assuming they’re fortunate enough to even consider it like we are):
We have like 90K in credit card debt.
…
At 0% for the next 18 months. Went ahead and financed extensive renovations on CCs with 15-18 months at 0% intro offers. One of them is earning 1% cash back as well. Considering we only got charged 3% extra to bill to CCs and we can park the payoff funds in SPAXX earning nearly 5%, it’s a pretty sweet deal to keep liquidity!
Are these renovations fun or just necessary? We’ve had to do quite a bit with our century home, unfortunately most have been the not fun kind.
These most recent ones are for fun. One of those classic HGTV-style renovations. Knocking out walls, putting in a beam, redoing the kitchen and fireplace. We’ve probably put about another $60K in necessary repairs and appliance replacements in the 5 years we’ve owned it.
Still though, even if these renovations added zero value we would still be ahead in home value since we bought it.
Have you guys sold your I-bonds? I had it less than 5 years but thinking about moving it to HYSA.
We haven’t, but we’ve also been accumulating them since at least a few years before the inflation spike. It’s not a big enough chunk of my portfolio that I’m worried about hyper optimizing. If the spread with other options widens I’ll probably change my tune.
I'm planning on it so I can keep my "cash" together. I hold t-bills in my brokerage account, and I only bought ibonds to take advantage of the higher interest rates. I've only had mine for 1-2 years, so it's not a huge win, but it makes me feel like I'm willing enough to keep my from playing with the market.
