Here’s a short post/tip for you today for all those money nerds out there still soaking in this stuff as the holidays loom ;) Merry Christmas Eve everyone!
This question came into my inbox this morning:
I have some credit card / banking “rewards.” We’re not talking major cash here**. $70 here, $25 dollars there.
Should I use it for something practical that I would be spending my money on anyway, like at Home Depot or CVS, or can I treat myself to some useless and fun items from say, a Sephora or West Elm?
Gracias amigo! Happy holidays!
**This is why those banking reward ads with someone hiking in the Himalayas or buying a designer dress “on their rewards” pisses me off, you’d have to spend a ton of $$$ to get that in reality!
Haha, right? To be honest it’s hard to advise on anything since I don’t know you and/or your total financial situation, but more often than not I say to go have fun with it and treat yourself to something nice for putting in all that hard work you’ve been doing lately. Assuming you HAVE been behaving yourself, of course ;) If you’ve been slacking on your finances and/or career and/or just in life in general, then my vote is to use it wisely and get yourself back on track again!
You get a “pick your own ending” here today :) Happy holidays!
PS: Another thing you could do is save up all those rewards throughout the year too, and then use them to knock out all your Christmas presents at the end. That way you don’t get stuck with the 6% of those who stress out hardcore during the holidays! A lot of our blog readers here do that, and I think it’s a fabulous idea. Nothing like your credit card companies spending their own money to treat your friends and family for once! Haha… That’s some great Himalayan revenge right there ;)
[Photo credit: PetsAdviser.com]
Jay loves talking about money, collecting coins, blasting hip-hop, and hanging out with his three beautiful boys. You can check out all of his online projects at jmoney.biz. Thanks for reading the blog!