Rewards Summary

The following is a staff writer post from MikeS.  He is a married father of 2.  So, with the cat, he ranks number 5 in the house.  He loves numbers and helping people. Please leave any questions or comments below for either Mike or Crystal. Curiosity got the best of me recently.  I wanted to know just how well I had done with credit card rewards in the past year.  My basic credit card rewards strategy is simple, essentially consisting of only two cards for the joint family expenses. The first is the Citi Cash Back card which pays 2%.  I have adjusted that slightly in the short term, but I’ll explain that later.  The second is the BJ’s MasterCard which pays 3% back at BJ’s and gives 10¢ back per gallon of gas. That is all we use for the household expenses, but it isn’t the only place I was able to rack up my rewards last year.  Both the wife and I have our own credit cards for our personal spending that also offer rewards.  I then opened up another card to take advantage of a quick cash back offer.  In total for 2016, I was able to … Read more

Credit Card Strategy

The following is a staff writer post from MikeS.  He is a married father of 2.  So, with the cat, he ranks number 5 in the house.  He loves numbers and helping people. Please leave any questions or comments below for either Mike or Crystal. I used to have a fairly basic strategy when it came to my credit cards… I only used one. I didn’t have multiple cards in my wallet.  There was one card that was used for everything.  I certainly tried to maximize the rewards or cash back that we would get from that card, but I really didn’t spend that much time thinking about it.  I simply paid my bill in full every month and pocketed the rewards that I earned.  My situation today has certainly changed. Multiple Cards The first time multiple cards came about was so that both my wife and I could have our own personal cards.  Rather than use our joint card for our own purchases and then figure out how to transfer money between our accounts, it was just easier to have separate cards.  The rule was, and still is, the card is paid in full and you are not allowed … Read more

I Gave Myself a Raise

The following is a staff writer post from MikeS.  He is a married father of 2.  So, with the cat, he ranks number 5 in the house.  He loves numbers and helping people. Please leave any questions or comments below for either Mike or Crystal. I recently gave myself a raise, not my salary at work, though that would be nice, but my allowance.  As I have mentioned before, my wife and I each receive monthly allowances.  This helps us to stay on budget, as wants are paid for via allowance money for the most part and needs come from the household budget.  I have been finding recently that my allowance is too small.  In the past, I have managed to get by with a much smaller allowance than my wife.  That ability to get by has been under pressure for the last year or so as my wants have started to increase. Increasing Wants The biggest expense that has come up, is I am trying to surprise why wife with a second-honeymoon in a few years.  Don’t worry; she won’t see this post, so I haven’t spoiled the surprise.  It will be our 15-year wedding anniversary, as well as, … Read more