Today I just mailed off $525 in checks that I got from a credit card churn. I had to spend $2500 (that I would have spent anyway for work travel) to get 52,500 points. Those points were turned into checks that I am sending off to my student loans. It cost me $0 and about 20 minutes of my time in total.
This directly increased my net worth. It is a great example of how good credit can reap direct financial benefits when you use the system properly. This brought me $525 closer to being debt free and ultimately closer to not having to work full time. Well worth the minimal effort!
Deals like these add up over time. I am not always looking for travel deals. I will look at any deal that gets me financially ahead. Points are very valuable but cash is always king.
Student Loan Pay Down!
Labels: debt snowball, miles, savingby Frugal Backpacker on Tuesday, April 10, 2012
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