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Credit Card Rewards Tally 2019

April 6th, 2019 at 07:39 am

2019 TALLY:

$540 Gift Cards (Citi, Moi)
$150 Bank Bonus
-----------
$690 TOTAL *ONE-TIME REWARDS*

**In addition, various monthly rewards that I will tally at 12/31.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

I just saw that the points posted for my latest one-time bonus.

Citi has significantly better gift card rewards than the last time I did this. Will probably pick up some Target and Kohls gift cards, in addition to some movie theater gift cards. Then a handful of dining out gift cards so we can go out and enjoy a bit this summer. All of this will help us immensely during our "income gap". Which I expect to be during the summer months when MH is not working.

I will probably try again for a Chase bonus. I was denied the last time I tried, though I didn't have anywhere near the "5 credit card apps" or whatever they were denying for. But I only applied for one card this year and last year. It's worth a try.

On the flip side, I told MH that I think this is my last big push. We really relied on this extra money to help us through lower income periods and periods of lower bank interest, but I just don't see continuing to do the same bank bonuses over and over and over again. The ongoing rewards and cash back for everyday purchases, those I have done my entire life and don't intend to stop. But I can see wanting to juggle less bonuses and one-time reward cards, for the long term. Will see...


***CAVEAT - I absolutely do not recommend utilizing credit card rewards in this manner, unless you are in full control of your credit card spending. We treat our credit cards like debit cards; only charging if we have the cash on hand already. We've never paid a cent of late fees or interest.***

March Savings

April 3rd, 2019 at 04:43 pm

Received $83 bank interest for the month of January.

Also received a $150 bank bonus.

Snowflakes to Investments:
--Redeemed $30 credit card rewards (cash back) from our gas/grocery card.
--Redeemed $46 cash back on Citi card.
--Redeemed $9 cash back on dining/gas card.

Other snowflakes to investments:
$ 4 Savings from Target Red Card (grocery purchases)
$100 Tax Refund
$170 Dividend

TOTAL: $359 snowflakes to investments

401k Contributions/Match:
+$800

Snowball to Savings:
+$ 0 MH Paychecks
+$ 750 February self-employment income

TOTAL: $1,550 snowballs to savings

Savings (From my paycheck):
+$ 550 to cash (mid-term savings)

Mid-Term Savings (cash saved for non-annual expenses/emergency):
-$ 890 Elliptical purchase (dropped gym membership)**

**My super awesome discount gym closed and transferred my membership to a really crappy gym.

Short-Term Savings (for non-monthly expenses within the year):
+$1,400 to cash
-$ 450 Misc. Expenses (school lunches pre-paid for a few months, medical bills, etc.)

TOTAL: $2,750 deposited to cash and investments

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Last month's commentary:

Still just hoarding cash. Second job is winding down (I hope). I have $3k medical bills coming up, want to pay cash for braces this year (x2), have to cover all my professional expenses going forward, etc., etc. Just hoarding cash for all that, and preparing for a big income drop this summer.

I don't know what happened to MH's income. I wasn't able to save any of it (around $900) which is totally ridiculous. But I am still pretty buried and it is most likely an accounting error. Either that or we over-spent something like $400 last month and $400 this month. That is more likely. I know we didn't over-spend $900 this month. Anyway, I share to explain why I saved -$0- of that, but will chalk that up to "life is chaos." Because I track our spending so closely, is why I am fine with, "I don't have time to track it down and don't care." I suppose is the flip side of working crazy hours/extra money. Our life is usually more slow/relaxed, and lots of time to pinch pennies. Life is just the polar opposite of that right now.


All of this is still true. I put $2,000 medical bills on new reward card. I pulled this out of savings in April, along with $11,000 to fund IRAs (for 2018). All of this will show up on my April report.

{I ended up funding our IRAs today}.

I also didn't save any of MH's income in March (again) and couldn't tell you why. It's kind of moot because March is really just paying all of February expenses (credit card charges). So this month was already over (spending-wise) when I did my last monthly update. I don't know that anything has particularly changed, but March expenses (paid in April) ended up balancing to about the penny. & that was during a crazy busy month when I doubt we were particularly frugal (except for being too busy to spend money). I actually just found $150 I accidentally transferred to savings for April, and will fix that by the end of the month. I expect I might find more stuff like that if I look back the last two months.

Net worth is up about $40,000 for the year. Or about 2/3 of our annual goal. Most of that is stock market recovery from end of last year.

I will try to do some more work posts later. But I am starting to feel more *chill* about dropping second income. Some of my reluctance to drop the second income was not having any real idea how things would go with new job. But after 6 months, I feel pretty confident I have found a long-term work home. I also think it's pretty likely I will replace my old salary this year (with the one job). This was part of my strategy and willingness to take a pay cut in the interim.

February Savings

March 3rd, 2019 at 06:47 am

Received $80 bank interest for the month of
February.

Snowflakes to Investments:
--Redeemed $50 credit card rewards (cash back) from our gas/grocery card.
--Redeemed $89 cash back on Citi card.
--Redeemed $13 cash back on dining/gas card.

Other snowflakes to investments:
--$13 Savings from Target Red Card (grocery purchases) ~ this month included some clothing purchases

TOTAL: $165 snowflakes to investments

401k Contributions/Match:
+$730

Snowball to Savings:
+$ 0 MH Paychecks
+$2,500 January self-employment income

+$ 200 Missed prior month when moving money around - moved back into savings

TOTAL: $2,700 snowballs to savings

Savings (From my paycheck):
+$ 550 to cash (mid-term savings)

Mid-Term Savings (cash saved for non-annual expenses/emergency):
-$ 360 Driving School (for 15-year-old)

Short-Term Savings (for non-monthly expenses within the year):
+$1,400 to cash
+$ 210 Insurance Rebate
-$1,289 Various Insurance
-$ 175 Dentist
-$ 200 Vacation (Weekend Away)

TOTAL: $3,800 deposited to cash and investments

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Driving school was very one-off and nothing I specifically saved for, so it comes out of the mid-term savings.

Still just hoarding cash. Second job is winding down (I hope). I have $3k medical bills coming up, want to pay cash for braces this year (x2), have to cover all my professional expenses going forward, etc., etc. Just hoarding cash for all that, and preparing for a big income drop this summer.

I don't know what happened to MH's income. I wasn't able to save any of it (around $900) which is totally ridiculous. But I am still pretty buried and it is most likely an accounting error. Either that or we over-spent something like $400 last month and $400 this month. That is more likely. I know we didn't over-spend $900 this month. Anyway, I share to explain why I saved -$0- of that, but will chalk that up to "life is chaos." Because I track our spending so closely, is why I am fine with, "I don't have time to track it down and don't care." I suppose is the flip side of working crazy hours/extra money. Our life is usually more slow/relaxed, and lots of time to pinch pennies. Life is just the polar opposite of that right now.

Gift Card Balances Feb 2019

February 18th, 2019 at 06:44 am

Just tracking my gift cards. Not *all* credit card rewards, but most of them are.


GIFTS:
------
$ 20 x4 Target


MOVIES:
--------
$25 Regal?


RESTAURANTS:
------------


RETAIL:
---------


Note: Edited over time to remove used gift cards.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

In this case, none of these are credit card rewards.

I was just thinking that we had run through all our gift cards. Not sure if someone else was talking about gift cards or why I Was thinking about it. But I haven't done any (one-time) credit card rewards in a long time. I did some easy travel one last year for our road trip, but that's about it. I didn't have any room in my brain for one more thing, that is for sure. But I was thinking about it and I have been wanting to do a specific $500 reward (gift cards) for a while. They had increased the "spending for bonus" to $4,000, so that was the other reason I have been hesitating. But I have $3,000 in medical bills due, so the timing would be good. (I usually just run up these rewards with health insurance, other big insurance bills, and medical bills).

I applied for the card and it wasn't an immediate approval, which is super weird. Will see...

January Savings

February 10th, 2019 at 09:13 am

I am reviving my "monthly savings" posts. I abandoned last year because I knew I would just be in hoarding cash mode. Not very exciting. But in the end, I didn't have time for this, so probably for the best. Going forward, I should have time to keep up with these:

Received $67 bank interest for the month of January.

Snowflakes to Investments:
--Redeemed $0 credit card rewards (cash back) from our gas/grocery card.
--Redeemed $83 cash back on Citi card.
--Redeemed $10 cash back on dining/gas card.

Other snowflakes to investments:
--$5 Savings from Target Red Card (grocery purchases)
--$8 "Price Rewind" for washer/dryer purchase

TOTAL: $106 snowflakes to investments

401k Contributions/Match:
+$686

Snowball to Savings:
+$ 500 MH Paychecks
+$1,500 December work for old/forever employer

TOTAL: $2,000 snowballs to savings

Savings (From my paycheck):
+$ 550 to cash (mid-term savings)

Mid-Term Savings (cash saved for non-annual expenses/emergency):
-$0 No Mid-Term Expenses this month

Short-Term Savings (for non-monthly expenses within the year):
+$1,400 to cash
-$ 800 Home Insurance

TOTAL: $4,000 deposited to cash and investments

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I had been putting $300/month to savings and investing $250/month into taxable investments. I just combined these to "savings" for 2019. We are "retirement heavy" with more retirement space and new job situation. If nothing else, will eventually be redirecting that $250/month to our IRAs. Will abandon taxable investments, except for snowflakes.

I like to put snowflakes to either the mortgage or taxable investments, because it's a "small things add up" thing, and if we keep it in cash I have no problem not touching it, but at some point when you have an extra thousands of dollars laying around you will be tempted to spend it. So I always tie up snowflakes in things I won't touch. I am going to fund retirement regardless, so that leaves taxable investments or mortgage.

On the income front, I traded $11,500 reduced salary for $7,500 401k contributions/match and significantly reduced taxes. Just means we can fund 401k with $7,500, without reducing our cash flow at all. So I am really only short $4,000 net; $4,000 less going to retirement. I expect to easily make that up this year with raise/bonuses. (& I've already made that up with side income, but more long term I'd let to get my net salary where I left off, with just the one job).

I've also lost the OT, which we were throwing at the mortgage. So we will stop mortgage pre-payments for the short run. We may stop indefinitely. We just want to pay cash for our next home when we downsize and we have achieved that goal (we have enough equity to do so: $300,000+). But we don't want to make this move until our kids are adults and done with high school. For now, we would rather fund our IRAs, and otherwise hoard cash for college and a down payment on our next home (we expect to buy our downsize before we sell this home, the down payment will keep things more flexible). That's our plan for now, but I do expect things to change significantly in the next 5 years. It's a very loose plan, but just to explain why the mortgage will fall off our radar for a while.

We are doing well on extra cash/side income, but we also want to fund our IRAs (in addition to the above retirement savings). We have three cars now, both kids need braces, college is right around the corner, we have some home improvements to tend to, etc. Oh, and the down payment we want to work on. We are going to be in "hoard cash" mode with the extra income.

We've also already maxed out our medical deductible for the year. I don't expect this side income to really remain in our account very long.

P.S. If it isn't not obvious, our emergency funds remain entirely intact. I did not end up having any time off work, beyond what was covered by PTO owed to me.

Credit Card Reward Tally 2018

January 2nd, 2019 at 05:48 am

2018 TALLY:

$561 Travel Rewards (Capital One Venture, Moi)
-----------
$561 TOTAL *ONE-TIME REWARDS*

Other Rewards:
$150 Citi Price Rewind
$ 10 Hulu Credits (American Express)

Ongoing rewards (through 11/30):

+$315 AmExRewards (6% cash back groceries/3% fuel)

+$88 Target rewards (5% discount Target purchases; mostly groceries)

+$149 Visa Rewards (3% cash back fuel/restaurants)

+$823 Citi 2% card (2% back everywhere - health insurance/medical is the big expenses that we charge, is more than our mortgage payments)

Grand Total = $2,096

I just want to add that historical figures below do also include bank bonuses. They just don't generally work very well for us so I do not utilize as much. (We did -0- bank bonuses in 2017/2018).

Year 2011 = $4,164
Year 2012 = $2,782
Year 2013 = $2,623
Year 2014 = $3,128
Year 2015 = $2,585
Year 2016 = $1,906
Year 2017 = $3,578
Year 2018 = $2,096

Total 7 Years = $22,862
***Mostly Tax-Free Income***


Note: I have been tracking since 2011 because that's when the rewards got CRAZY. I have always utilized cash back on credit cards. It's just been extra rewarding during the past decade or so.

***CAVEAT - I absolutely do not recommend utilizing credit card rewards in this manner, unless you are in full control of your credit card spending. We treat our credit cards like debit cards; only charging if we have the cash on hand already. We've never paid a cent of late fees or interest.***

Prelim Credit Card Tally 2018

December 8th, 2018 at 05:53 am

I don't have December monthly reward totals yet, of course. But I figured I would update all my numbers and see where we are at. This will make it easy to update/finalize at the end of this month.

2018 TALLY:

$561 Gift Cards (Capital One Venture, Moi)
-----------
$561 TOTAL *ONE-TIME REWARDS*

Other Rewards:
$150 Citi Price Rewind
$ 10 Hulu Credits (American Express)

Ongoing rewards (through 11/30):

+$276 AmExRewards (6% cash back groceries/3% fuel)

+$88 Target rewards (5% discount Target purchases; mostly groceries)

+$141 Visa Rewards (3% cash back fuel/restaurants)

+$705 Citi 2% card (2% back everywhere - health insurance/medical is the big expenses that we charge, is more than our mortgage payments)

Grand Total = $1,932

I just want to add that historical figures below do also include bank bonuses. They just don't generally work very well for us so I do not utilize as much. (We did -0- bank bonuses in 2017/2018).

Year 2011 = $4,164
Year 2012 = $2,782
Year 2013 = $2,623
Year 2014 = $3,128
Year 2015 = $2,585
Year 2016 = $1,906
Year 2017 = $3,578
Year 2018 = $1,932

Total 7 Years = $22,698
***Mostly Tax-Free Income***


Note: I have been tracking since 2011 because that's when the rewards got CRAZY. I have always utilized cash back on credit cards. It's just been extra rewarding during the past decade or so.

***CAVEAT - I absolutely do not recommend utilizing credit card rewards in this manner, unless you are in full control of your credit card spending. We treat our credit cards like debit cards; only charging if we have the cash on hand already. We've never paid a cent of late fees or interest.***

Credit Card Rewards Update

December 7th, 2018 at 07:42 pm

2018 TALLY:

$561 Gift Cards (Capital One Venture, Moi)
$150 Citi Price Rewind
$ 10 Hulu Credits (American Express)
-----------
$721 TOTAL *ONE-TIME REWARDS*

**In addition, various monthly rewards that I will tally at 12/31.

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I submitted a "price rewind" (price match) for a Black Friday deal. The cell phone MH had bought was $150 off for Black Friday. So I got a $150 credit for that. Woohoo!

I submitted the washer/dryer purchase, because you never know. Generally Citi tracks the price match, but when we saw the $150-off for the phone we just wanted to be sure it was counted. Washer/Dryer were Black Friday deals. So far Citi is showing I am owed a refund of $8, for those purchases. They track for two months. For smaller amounts like that, they will just send me the money when the two months are up.

I haven't had any energy/time to chase rewards this year. It will be interesting to see how it comes out in the final tally.

I think I can beat 2016, so it wasn't even our lowest year. I probably have around $100/month in rewards, or another $1,200-ish to add to my 2018 tally.

Year 2011 = $4,164
Year 2012 = $2,782
Year 2013 = $2,623
Year 2014 = $3,128
Year 2015 = $2,585
Year 2016 = $1,906