I’m always looking forward to the beginning of a new year but 2021 deserves special recognition. This past year was filled with lots of challenges but we remain grateful and optimistic for a brighter future. Don’t get me wrong, we are definitely not out of the woods but I would like to believe that the worst has passed.
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Travel hacking can be a great strategy to maximize credit card rewards while traveling almost for free. At a high-level, the process involves applying for specific credit cards with the purpose of having access to lucrative sign-up bonuses. Travel hacking requires discipline but when done responsibly, it can yield lots of rewards. But what about bank accounts that offer sign-up bonuses? Is it worth it?
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I recently joined a personal finance community that hosts financial talks, virtual happy hours, and guest speakers. My friend Amberly came up with this great idea and it didn’t take me long to get on board. As our host, she has done a remarkable job covering relevant topics in a very refreshing manner. Concise, factual, quantitative are a few words that describe her delivery; however, the main highlight is her ability to share the message in an easy-to-understand and super digestible fashion. A couple of weeks ago she asked me if I would be willing to come as a guest to share a presentation about a relevant topic. The result was a fun chat about employer benefits.
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We were skeptical of having an emergency fund. Our reasoning was simple, parking our money in an online saving account meant losing value to inflation. In addition, we had other buckets we could tap into in case of an emergency. That was our thinking until Q1 of 2020 when a black swan decided to knock on our door.
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A couple of days ago people experienced Black Friday’s madness. This year the competition was fierce with most retailers opening their doors on Thursday afternoon. The intent was to get a head start on having the highest sales of the season. But what about Thanksgivings as a tradition? … Nah forget about that, my perception is that for the average Joe is all about shopping and not about stuffing your belly with turkey and pecan pie.
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My Financial Money Map shows the different accounts we use as part of our financial plan; however, today, I would like to make the case for using an online savings account.
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