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

Raise Time

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. Let’s hear it for more money! I will never complain about receiving a higher salary.  With times being what they are at the company, I was not expecting to receive much this year, just hoping for a little.  I was awarded an increase of $1,500 to my annual salary.  So, where did I spend this windfall you might ask? Budget Balancing Truth be told, I didn’t really do anything fun with it.  I simply balanced my budget.  When my wife began babysitting back in September, I increased my 401k contribution at that time, going from 8% to 9%.  That obviously meant a reduction in my take-home pay. I used some of the additional money that she was bringing in to bring to make up that difference.  The difference worked out to be about $85 a month.  I figured my wife was likely to continue babysitting again this coming fall, but I did not want to … Read more

Surprise

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. Whenever I have budget surprises, they normally aren’t the happy kind.  They usually mean something has been more expensive than I anticipated or there was an unexpected expense.  This time is different however.  There is going to be a surprise source of income. My wife will start bringing in an income starting in September.  She will be providing childcare for someone 5 days a week.  She will be earning between $1,000 and $1,400 dollars a month depending upon the number of days she watches the baby.  Since I don’t count on her for any income, this certainly will be bonus income. What to do? The easy answer to this question would be to save it all.  Though it would not be easy to convince my wife this is the best course of action.  So, I need to balance saving some of the extra income with the need to enjoy some if it too.  What I … Read more