We all know credit cards are dangerous, yet if used correctly, they can actually be very advantageous. There are an array of cards available that offer points, rewards, airline miles, statement credits and YES, they are all very lucrative. However, if you do not know how to use your card to your advantage, you could be digging yourself into a whirlwind of debt. It is estimated that the mean credit card debt for the average American is $5,700. (Source ValuePenguin)
With this amount so high, I’m not suggesting you use your card to go on a spending spree. (Although that would be fun!) Nonetheless, I’m offering some advice to help you build credit and earn some of the amazing rewards these plastic gems have to offer.
Let’s change that $5,700 figure around and let the cards work in our favor. If you are sick of being one of the people that pays interest on your card and gets nothing in return, keep reading…
Frugal Living Fails and Frugal Living Mistakes – Learn from me!!
Money fails and finds…We’ve all had them. There are the times when we wanted to save an extra buck or two but ended up spending an outrageous amount. Saving money isn’t always fun. At times, it is down-right difficult. Not to mention, spending money is more fun, right! I’m with you! However, sticking to a budget, when you are clearly not rich, will help you live a stress-free, happier life.
On the contrary, it is amazing to find money. For example, think of the day you put $10 in your pocket and then put those pants away for the winter. Spring cleaning rolls around and you are $10 richer! Finding extra money is the best feeling.
Yet, coming into money shouldn’t be so arbitrary. Finding concrete ways to save money will help you in the long-run. (Check out my Budgets 2017 – New Year, New Budget Post for help on this.)
Sharing Our Stories
Today I’m going to share some examples of times I failed at saving money. Although these were money mistakes, these failures led me to growth. Hence, a money mistake is never truly a mistake if you learn from it.
What cashback apps are you all using in 2021? I’m using Rakuten!
Have you heard of Rakuten (formerly known as Ebates)? Cashback apps are popular today and this Rakuten Review 2021 will help you decide if this cashback app is right for you.
Rakuten is a popular cashback app or website (whatever you prefer) that earns you money back each time you shop online. Rakuten offers cash back at thousands of popular stores and is a great way to save money.