I’ve converted my bill payment process. I’m running all purchases through my cash back card and I’m getting some great returns on my $1000 per month I run through there.
I’ve got a project I’m running through there, and I may make about 50% interest this year on that $1000.
The thousand is money I took from checking and savings, and simply replaces everything I was paying from my checking account.
I’ll get anywhere fro $300 to $500 dollars from cash back, dumping my month’s bill money in just before the cycle date lowing the interest charged, and also taking advantage of special offers that I would have spent anyway.
For instance, I paid Hulu one month, and got it free for a perk the card company was offering.
Beats leaving the money in check and savings where I gain no interest at all.
Savings account is a no brainer, it loses money.
Checking account just prior to paying expenses, and some loose cash.
So the question begs, where does one park money when one "puts it away"?One does have to be ready to liquidate at the drop of a hat, perhaps a loss/sell trailer on all buys.
Even matrass cash loses value at the rate of inflation.
RE is where I have been parking it, and getting damn good returns.