Consulting the family financier, you’ll find that spending cash back rewards is a no-brainer; use it to repost positive gains onto your credit card account. Ask the daring, fun, perhaps even edgy family member what should be done with cash back rewards, and you’ll find trips to Barbados, new plasma televisions and perhaps even some nice clothing should be obtained. To settle the arguing couples’ disputes revolving around your monthly point accumulations, here’s ten useful ways to spend cash back rewards to appease everyone.
#1: School Clothing
Your school children will need something nice to wear, and perhaps money remains tight around the plantation; you’d find exponential benefits in taking unused reward dollars and applying them towards rewards malls or stores where points can be traded for clothing items. Even if you only obtain three garments, it’s still better than forking over cash.
#2: One Month Of Groceries
Give yourself, and your family, a much needed break spending tons of money at supermarkets simply by cashing your unused account credits in for money which can be used to offset one month of food. Depending on rewards amounts left to redeem, you could even splurge on T-bone steaks or filet mignon.
#3: College Textbooks
Bearing the expense of four-year tuition will already make your finances suffer if inadequately prepared with savings for your child’s future education; if your rewards never expire, build them up high enough to cash out towards academia literature. The books are pricey; every little bit of relief in buying them helps.
#4: College Tuition
Go ahead, say it now: it’s entirely unfeasible to offset the college tuition of today’s expensive semesters. Consider this: if your points never expired with two people spending, paying, spending and even signing up for Add It Up features as featured with Bank of America, you literally could take credit cards, save the points and cash in several years down the road towards college tuition. Give it a try.
#5: Uncovered Medical Expenses
Ingenuity sprinkled with Humana coverage means you’ll have the opportunity to cash out your rewards points and offset your potential out-of-pocket medical expenses which amass your yearly insurance benefit, your copays or even the deductible. This would require direct deposit of rewards into your checking account in order to effectively pay your expenses, yet it’s definitely a worthy trade.
#6: Christmas Presents
Why force yourself into another debt treadmill by spending cash or more credit on Christmas presents when thousands of cash back rewards are sitting idly inside your credit accounts? Take your points, transfer to your checking and take the wife or husband gallivanting across town picking up socks, lumps of coal or whatever egregious presents you find the mother-in-law deserves.
#7: Man-Cave Construction
Wife emphatically told you not to build man-caves on the family’s dime. You have thousands of points sitting around the credit card accounts doing nothing more than yawning; time to build man cave on Chase’s dime while leaving her enough points to buy some Vera Wang purses or Paula Deen cookware. Lumber, roofing materials and required flooring to make the man hut perfect shouldn’t run that high if you know where to buy. Sorry, guys – living rooms with flower pots and pretty window valances don’t count as ‘man cave material’ and will, in fact, subtract 10 man points for every dollar spent in that room.
#8: Building Online Business
Does your family own some wonderful shop in town and wishes to finally go global with products or services offered, yet lack proper monies to begin the marketing, site building and branding aspects which epitomize online business nomenclature. Gather your cash back points, slap them into your checking account, and begin shopping for inexpensive services to get that ‘Ma and Pa’ storefront online.
#9: Breast Cancer Research
You could definitely show your big heart for humanity simply by donating your uncared for reward balances towards breast cancer research, the most needed medical research and cure I can think of. Once breast cancer cells are isolated, more types of cancer could be cured. At the end of the day, your cash back rewards save ‘second base’ and make the most profound impact on women’s and men’s lives.
#10: Donate To Charity
Charities always need government financing which, of course, is starting to spread thin. If there isn’t some fashion which exists to take cumulative points and trade for cash or donate directly to local charities, their needs to be. Imagine if 2000 county residents put forth several million points into one coffer to help battered women, children get clothing or feed thousands of homeless folks – wouldn’t than mean something? Donating always builds monstrous hearts amongst life’s constituents.
Cash back rewards can accumulate into the accounts of busy families who simply follow routines of working, paying bills, running kids around and heading back home for more. Instead of letting these rewards stay dormant forever or wasting them on account credits just to let interest eat them up, spending these much deserved points or dollars on useful items as listed above makes better financial sense.
About The Author: Dave, freelance writer and business marketing specialist, has accumulated points and wasted them in the past, thereby causing him to rethink his strategies. When he’s not complaining about Chicago Cubs baseball or political agenda, he writes for Technorati, Social Media Today and also operates his cash loans initiative aimed at assisting people with short term financial needs.