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who Will win $10,000?
Join our participants as they reduce debt and increase savings with the help of Summit financial coaches.

Moriah and Terrance's Journey:

Spending Money Can Save You Money

That sentence doesn't make sense. This whole experience is to teach us how to save and work towards being debt free. How would spending money save me anything? Let me share a couple ways.

1. IF you have the discipline, try putting all your expenses onto one credit card. We have an Amazon credit card. We not only put everyday expenses like gas and groceries (except Woodmans, they only take cash or debit), but also reoccurring bills like cable and cell phone on the card. Why? We earn points for every dollar spent and triple points on Amazon purchases. These points build up FAST and they are the same as cash. We can't apply points to the bill BUT we can use the points for an unplanned purchase, aka a want not a need. Or a necessary expense, baby supplies anyone? It is VERY IMPORTANT that you still keep an eye on what you’re charging so that you can always pay it off every month. If you carry over a balance it's not worth it! 

2. I LOVE using my rebate apps. I use both Ibotta and Checkout51. These two apps give you cash back on everyday purchases. How do I use them? I scroll through the apps to see what rebates are being offered and if they are things I am already going shopping for. Tonight when I went grocery shopping Checkout51 had $1 rebates for chicken, score! Bonus when I can use coupons AND get a rebate! I bought chocolate chips and had $1.50 off coupon and got $1 rebate through Ibotta! Almost free chocolate chips!! When you reach $20 on either app you can cash out, either send the money to your PayPal or chose a gift card! So far I have $104.10 in my Ibotta account just waiting for me!!

The little things can really add up and enhance your budget!


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