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Money Monday Discussion Thread: Monday July 3rd, 2023 (self.finance)

submitted 1 year ago by gyrfalcon to c/finance

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Howdy! After the success of last week's discussion thread, I figured we should keep going. Feel free to comment below with anything and everything money related that is better suited to a conversation or a quick question and answer than a full post. Some ideas include:

Journaling about an ongoing job search
Asking for ideas about how to manage an emergency fund
Logging recent stock trades
Talking about the impact of inflation on your budget
Your plans for maximizing the rewards on a credit card

Again, those are just suggestions, if there’s really anything you’d like to talk about related to finance in your life, feel free to put it here.

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[–] coldredlight 4 points 1 year ago

I'm the opposite, almost all of my spending goes through my credit cards. I would pay my rent on a credit card if I could. I only use cash back credit cards and pay everything off before the end of the month so I effectively get 1℅ to 5℅ off all my purchases and never owe interest. One of my cash back cards the 1% to 5℅ cash goes straight into a brokerage account where it automatically earns around 5℅ in a money market fund. It doesn't seem like much but it adds up, and I appreciate the added layer of security where if there's fraud my actual money isn't impacted.