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What are your best tips to save money? (discuss.tchncs.de)

submitted 1 year ago by [email protected] to c/[email protected]

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Following the credit card thread, I've learned that some people use credit card points and miles to pay for hotels, that seems pretty interesting.

Children toys being second hands comes to mind too.

What are your ideas?

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[–] [email protected] 1 points 1 year ago (1 children)

I feel the need to counter this comment and point out that while churning is a cool thing, it shouldn't be on anyone's list of ways to save or make money.

For all the planning, opening and managing new accounts, fulfilling requirements, and then jumping through hoops to take advantage of those rewards, you really have to be committed and give up some sanity and freedom for a pretty marginal gain at the end of the day.

[–] pdxfed 1 points 1 year ago

It shouldn't be on anyone's list of ways to save or make money if they're not capable of organizing a basic spreadsheet, and if you don't have a solid understanding of the world of credit and finance, as well as the willingness to learn the ropes of how to get higher returns for your time and credit score, yes the juice is not worth the squeeze.

My returns have been anything but marginal, but I devoted a lot of time early on to reading it as a hobby and curiosity. Like everything else, if it were super easy everyone would do it--but I'll say it's not THAT hard to get really decent results for marginal organization. 20 hours of startup reading and you're looking at free flight and hotel vacation in perpetuity most places on the globe every year once you get going, on-going time is an hour or two a quarter at most.