Categorypersonal finance

How Much Is Enough?

In my most recent post I explained how I’ve started to think about travel hacking in relationship to my finances. As my rate of credit card approvals has slowed drastically, I have shifted to other means of earning miles, specifically by manufactured spend.

Unfortunately, manufactured spend is not with out some real cost. If I spend more than I can put on all my cash back cards, each transaction is no longer cash-flow positive: on average, I spend $60 for every 10,000 miles I earn. That’s $60 I could be using to go see a concert of my favorite band, or $60 I could be putting towards my nest egg for when I decide to have a family. To put it in starker terms, in order to manufacture 1 million miles, it would cost $6000! Yes, that’s a lot of future free travel, but it’s also a hefty chunk of change. Continue reading →

Airline Miles are Stock Options in Disguise

I’ve been spending the last few weeks reading about financial independence and early retirement (colloquially known as FIRE; there’s a good subreddit for it) because of their natural intersection with travel hacking. Roughly, if the goal of financial independence is to save more, then travel hacking is an incredibly useful tool for those who travel a lot or have large families because of the way it can minimize expenses and free up money to save or invest. Continue reading →

(Prepaid) Savings Accounts: APR vs APY

[I wrote this post a few months ago in a Saverocity forum in reference to the 6% Savings account attached to the Mango prepaid card as an explanation of how to compute your effective yield/expected interest on the account.] Continue reading →

© 2024 DEM Flyers

Theme by Anders NorénUp ↑

Social Media Auto Publish Powered By : XYZScripts.com