According to conventional wisdom, a penny saved is a penny earned. Well, try telling that to the billionaires of the world. Do you think they acquired the majority of the world’s wealth? No, they speculated and accumulated cash as a result. So, it only makes sense that you follow the same rule.
Of course, it’s difficult to loosen the purse strings when there isn’t a big budget. However, all you have to remember is that you can increase your funds by using the savviest methods. Spend Money with the following and you’ll be rewarded with some dough in your back pocket.
Cashback Credit Cards
As someone who understands the dangers of using plastic, you try to avoid contactless payments wherever possible. But, there are many reasons why you need a credit card, the main one being cashback. Depending on the company, you can get as much as 5% on purchases up to $100 for a promotional period. Right now, the Chase Freedom card is the best one on the marketing, rewarding spenders with 5% on combined purchases up to $1,500. That’s an extra $75 in cold, hard cash. Plus, there is no annual fee so your rewards are pure profit.
Reward Cards
The bonuses don’t have to take the form of money to boost your budget. Think about air miles as an example. Do you travel a lot for work? Are you constantly booking airline tickets? If so, the miles you rack up as a result of your spending will supplement your air travel expenses. Typically, a regular flyer can either book or upgrade a seat for anywhere up to a quarter or a third of the original price. And, it doesn’t end with air miles as restaurants are part of the service too. Pick a company which suits your lifestyle and spend to take advantage.
Cashback Websites
Go shopping and get money back – it’s that simple. All you need to do is choose a company which offers rewards in the form of cash or gift cards, such as Swagbucks. The way it works is simple: download the app on your phone or tablet and start browsing online. If the retailer is part of the promotion, it will allow you to buy things and get Swagbucks back in return. You can swap these for a range of gifts. For anyone who is skeptical, remember the average shopper earns around $350 thanks to cashback sites.
Bank Accounts
Changing bank accounts is a hassle, which is why lots of people stick with the same one. However, that’s a massive error in judgment as it may not provide the features you need. For example, your current account may charge to withdraw money abroad. In that case, you get penalized for spending in a foreign country. A new account, where the fees are waived, will ensure there are no extra costs. Plus, some offer cashback on energy bills and direct debits, as well as interest on small amounts of savings.
Swap now to take advantage and to build up your budget.
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