Last month I made two personal loans to a couple we have know for about 9 years. I took the money out of savings earning 1.5% interest and loaned it to them at 4% interest, which is still better than they could get at the bank.
I have decided that I am going to add the interest only each month to my $20 challenge.
The two checks came in the mail yesterday and I earned $179 in interest. Also, the braves won, so a total of $180 will be added.
Prev. total $10,713.00
today 180.00
new total $10,893.00
Loan payment came due!
July 3rd, 2010 at 04:00 pm