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projects:money [2020/07/19 13:40]
admin
projects:money [2020/07/19 13:40] (current)
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     * Keep your old cards! Average Age of Accounts seems my biggest barrier to getting past 780. One might consider starting teenagers with building their credit score on a secured card (kind of like a debit card). It's a difficult tradeoff between opening the door to debt/impulse spending and improving your mortgage rates and signup bonus opportunities in the far future.     * Keep your old cards! Average Age of Accounts seems my biggest barrier to getting past 780. One might consider starting teenagers with building their credit score on a secured card (kind of like a debit card). It's a difficult tradeoff between opening the door to debt/impulse spending and improving your mortgage rates and signup bonus opportunities in the far future.
   * It is untaxed because it's counted as a "coupon" for purchases you made.   * It is untaxed because it's counted as a "coupon" for purchases you made.
-  * Takes a few passive hours of research at the beginning to learn about the process, and about 15 minutes to apply for the card. Must be somewhat disciplined so you pay off **fully** every month or utilize 0% intro APR, etc.+  * Takes a few hours of research at the beginning to learn about the process, and about 15 minutes to apply for the card. If you want to further optimize, that of course takes more time. Must be somewhat disciplined so you pay off **fully** every month or utilize 0% intro APR, etc.
     * Also make sure to read the fine print of the conditions of the spend.     * Also make sure to read the fine print of the conditions of the spend.
       * I find it easier to make the big tax payment on the signup bonus cards rather than everyday purchases as returned items often get confused with credit card payments in a spreadsheet but subtract from your minimum spend. <speaking from experience!>       * I find it easier to make the big tax payment on the signup bonus cards rather than everyday purchases as returned items often get confused with credit card payments in a spreadsheet but subtract from your minimum spend. <speaking from experience!>
projects/money.txt · Last modified: 2020/07/19 13:40 by admin