How to reduce living expenses is definitely something people struggle with. As a human being, we do make recurring bills especially related to household. Many people just do bill payment as usual without realizing an easy way to make it reduced. It is not only easy way to reduce living expenses but actually it is fun also. This is what we are going to elaborate more within this post.
Set Your Credit Card Rewards Correctly
Most credit card has reward program. You have to make sure your credit card has this kind of reward and set on the feature. For every dollar you spend you can earn reward money in return. Generally it going to be in form of online shopping, dining, drug stores, gas, home improvement & furnishing and travel.
To get the best cash back you need to decide which monthly bills you have to do. For example, I have to pay my rental apartment. I do the payment online and it is categorized by the system as online shopping. I will get the most cashback if I set online shopping as 3% cashback on the credit card rewards feature. I don’t need to think further because this expense is a must. So like it or not I have to make the payment, yet now I can have cash back instantly. All other online shopping transactions also add up the number of my cashback.
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Wrong choice: based on the image above, if I choose 3% category for home improvement & furnishing than I will be losing the best cashback feature on my credit card.
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So that’s one way you can easily try yourself how to reduce living expenses.
Now let’s see the second way.
