Creating a Cycle of Saving with Credit Card Reward Points - The Perks of Being Financially Responsible
In my opinion one of the best perks of being able to responsibly manage your credit cards are all the points that you can earn through sign-up bonuses and normal everyday spending. Instead of paying cash for items you need and getting nothing in return, putting that spend on a credit card can most likely earn you at least 1% back and many times more in point value. Contrary to what many people think about credit cards, this actually creates a cycle of saving because you can then use the points you earned through your normal spending, instead of cash, to purchase that flight or hotel night you always wanted and keep your earned income in the bank. The most important aspect of using credit cards is you have to be able to pay off your credit card balance in full every month. When you do this, you pay no interest on your credit card spend, and you get to reap the rewards of all the points that you earned... it's free money! The way I thought about credit cards befo...