calmloki
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Feel like a dummy: we pay off our PenFed card every month and grab the 1.25% credit they give every month - last night it dawned on me that if we charged $1000 every month and paid the bill off the next month and got the 1.25% credit - that would be equivalent to making 15% or $150 on the $1000. More, since the money we charge is money we would be spending anyway, we are effectively making that 15% on borrowed money. Gotta see if there aren't any other bills we can put on the card. 'Frinstance, since it's property tax time here in Oregano i'm gonna stick the $6000 worth of vinyl windows that went on a 5-plex on the card and move my payment date out a month. No reason to pull $$ out of a 5% MM to pay the bill if we can make 3 times that much delaying payment! Crazy. feel like such a finance doofus that it didn't dawn till now that 1.25%/month = 15%/annum.