too many credit cards dangers of credit card rewards

As a credit card rewards expert and frequent traveler, I like to stay on top of the changes in the rewards industry. As part of the process, I belong to several online travel forums where people connect to share trip ideas and rewards strategies. Most of the time, these forums are fun. But sometimes, they show that there’s another side to credit card rewards most people never see – a dangerous side. Where smart rewards enthusiasts use credit card rewards …

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Around a decade ago, my husband and I bought our first rental property. We weren’t entirely sure what we were doing, but we were determined to learn the ropes along the way. And that’s exactly what we did; through experience, trial, and error, we came up with a rental strategy that made sense – at least for us. Just this month, we paid the final payment on one of our properties – a three-bedroom brick ranch in Greenfield, Ind. Suddenly, …

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A few days ago, my oldest son flushed the toilet on the main floor. When he did that, two things happened. First, the chain attaching the lever to the flapper became disconnected and the chain fell straight down under the flapper, so when the tank emptied, the flapper didn’t fall back in place. In other words, this meant that the toilet kept running, trickling a steady stream of water into the tank. Second, the toilet became blocked. You can guess …

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You come home from work. There’s a big pile of laundry that needs to be sorted and washed. You also need to make dinner. You have dreams of using evenings to start building a business, but with tasks like this (and many other things) interfering with that plan constantly, it’s very hard to get a business rolling. What do you do? Well, you could just leave the laundry and eat the absolute simplest meal you can possibly prepare, then get cracking …

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“31 Days to Financial Independence” is an ongoing series that appears every Thursday on The Simple Dollar. You might want to start this series from the beginning! Last time, we finished up our series of discussions on strategies for increasing your income with a look at starting a side business and dabbling in entrepreneurship. Today, we’re going to step back from that perspective and see how an increase in income intersects smartly with frugality. Let’s assume that you’re a person …

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Few of us love looking for a new job. In addition to the stress of worrying about making a good impression, and the financial pressure of negotiating a fair salary, there’s the fact that interviewing can leave you feeling pretty exposed. The hiring manager learns an awful lot about you during the process – and not all of it is stuff you necessarily want them to know. Depending on where you live and what the employer’s individual policies are, that …

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Some of you are going to see the topic of this article, check the calendar, and be completely confused. Valentine’s Day? That’s more than a month away! Why write about it now? The reason I’m writing about it now is because, with sentimental holidays like Valentine’s Day, some prep work can help you create a very low-cost gift that’s incredibly meaningful for your partner. Why? Time is almost always the most valuable ingredient in a great, thoughtful, meaningful gift. When …

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We’ve all heard of earning cash back, airfare, and hotel stays with credit card rewards, but what about a new car? The GM BuyPower card won’t let you earn new car per se, but it does let you save up rewards to make a hefty down payment. How? By rewarding you for every dollar you spend. If you’re a GM enthusiast who is always trading up, this card probably sounds like a good deal. Like anything else, however, the devil …

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Frugality is a spectacular tool for immediately seeing positive financial results in your life. Whenever you find ways to get most of the same value in your life for a lower price, or you find a different avenue completely to fulfill your needs and wants without the same sticker impact, you’re managing to still enjoy life while spending less than you have before. There’s a catch, though. At some point, you’re going to cross a line where the frugal strategy …

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What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to summaries of five or fewer words. Click on the number to jump straight down to the question. 1. Roth IRA for down payment? 2. Employer matching funds question 3. Buying short term 4. Free light bulbs cost-effective? 5. Finding quality clothes 6. Goal rewards and financial success 7. “52 week money challenge” question 8. Library book sale strategy 9. Why Roth IRA? 10. Old photo albums …

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