this post was submitted on 03 Jul 2023
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Finance

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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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[–] shanghaibebop 3 points 1 year ago (11 children)

Curious if we have a large enough churning community here to create our own community.

It's a pretty decent personal hobby of mine, usually on the order of 5-10k/yr worth of SUB/MS and banking rewards a year.

Happy to share some knowledge here as well if others are interested.

[–] Ongar 1 points 1 year ago (1 children)

I'm unfamiliar with the churning term, what is the idea behind that?

[–] shanghaibebop 1 points 1 year ago (1 children)

Sign up for new card, hit bonus, move onto next card, cancel the card after 12 months.

[–] Ongar 1 points 1 year ago (1 children)

Huh that seems involved. Doesn't that affect your credit score? Also don't you have to spend a lot of money to get those bonuses?

[–] shanghaibebop 1 points 1 year ago

Depends. I never dip below 750 so it’s not as big of an impact as people think.

For spend, organic spend if you have a business can be sufficient, or if you manufacture spend.

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