So this is counter intuitive but stick with me…use at least some credit cards to pay for college tuition. I want to start out first with why you shouldn’t do this, but again, please stick with me cause I have the solution. Credit card interest rates are very high. Credit cards are unsecured debt so of course they are going to charge higher interest rates. Here is a card with a 18% interest rate used to pay for one year of college costing 30,000. If you let the debt sit on the credit card, you will end up paying 5,400 in interest the first year, $6,372.00 the second year and…
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How To Use Your Credit Score To Make Money – BIG money
I started getting involved in the using credit cards and perks about a year before my wife and I got married. I we both opened American airlines credit cards and we started charging our wedding expenses on them. The perk was 50,000 miles when I spent $3000 in the first 3 months. So, I booked our Honeymoon to Jamaica, and hit the $3000 limit in one go. I then used the points to book the tickets to fly to Jamaica and back (a long flight) for free. Do you spend a total $1000 dollars on gas, groceries, makeup, toilet paper, etc. every three months? If yes do you want to…
