Take Back Control of Your Money

Imagine this you’ve been living the college life for the last 4 years, and you’ve just scored a $50,000 job. All the money in the world, right? You could live the high life and still have plenty of money left over other things, right? Unfortunately for us, life has a way of interfering with our dreams. Your rent rises. Your car breaks down. You miss a payment and your credit rating drops. Slowly, we lose control over our own finances.

The solution: Track your finances

It really comes down to that If you know exactly where you spend your money, figuring out where things are going wrong is simple, and then you can save more money and clear your debts much faster than you thought possible. Building a calendar to track your finances is not a new concept, and there are dozens of apps and a whole website dedicated to the art. Here are some of the simplest ways to do it:

1. Mint.com is an app designed to give you all the tools you need to manage income, spending, savings, and budgets. It syncs with all your financial accounts, from your bank to mutual funds. It shows a history of transactions and cash flow in real time and works great if your purchases are all through cards, but also works with cash if you enter the amounts manually.

2. Mvelopes: Mvelopes is an iOS and Android app that takes a a new path in tracking finances. When you create an account, the app asks you to fill out a quick form describing your income and your budget. You can then split your budget across 25 envelopes (categories). This lets you plan out our spending based on your budget, and track your progress along each envelope and the budget overall when you connect it to your bank accounts.

3. Pocketsmith: This is another app in the vein of Mvelopes, but looks somewhat nicer. It gives you a nice way to search for past transactions and forecasts your expected finances. You can even run little simulations on the forecasts, so now you can know how much you really would save if you switched to espresso in the morning. Google Calendar/Excel lf you need more fine grain control than what these apps can offer, the simplest way is to enter all your data in an Excel spreadsheet or in a separate Google Calendar. Excel formulas can really useful for analyzing expenses, and Google Calendar has reminders and such, which are great for bills.

You also get the benefit of tracking other data alongside it, like the amount of alcohol you consumed on that day. No matter what you choose, a budget can help you save thousands of dollars and protect you from things like overspending and missing payments. Go start saving.

Five Best Reward Credit Cards

Many credit cards have great offers and perks to choose from. Deciding on the one with the best reward program can be difficult. However, that depends on your personal and business lifestyle. If you travel a lot, a credit card that offers the best airline miles and hotel rewards will suit you best. Nonetheless, here are five best reward credit cards based on consumer value.

Here is our picks for the Top 5 Reward Credit Cards

1. Chase Sapphire Preferred Cards.

With this card you earn 2X points on travel and dining. You also earn 1 point on every dollar you spend. They have great discount perks (up to 20%) for travel bookings done using the credit cards. Additionally, Chase Sapphire Preferred cards give bonus points for purchases that exceed $4,000 within the first 90 days of opening an account with them. Account opening is $0 within the first year but $ 95 after the first year despite these benefits, the card has a few draw back but still remains the best travel card in the market with its strong flexibility in points transfer and redemption. Their reward is currently the highest valued in the market.

2. Chase Freedom Card

Chase Freedom is the best reward credit card for giving bonuses. With this card you get 5% cash back on one rotating category. This benefit applies when you spend up to $1,500. Th card also gives $150 bonus for your purchases after spending $500 within the first 90 days of account opening. The rewards applies to your normal spending such as gas, commuter transportation, grocery stores, restaurant, and holiday shopping.

3. Capital One Venture Reward Credit Card

With a reward program valued at $1,061, Venture Reward Credit Card offers the best flat rate travel reward. For every purchase you make with the card, you earn 2 miles. It also comes with a one time bonus of 40,000 miles on condition that you spend $3,000 within the first 90 days of account opening.

4. Barclaycard Arrival Plus World Elite MasterCard

This card also offers the best flat rate travel reward. It comes with a one time bonus of 40,000 miles on condition that you spend $3,000 within the first 90 days of account opening. It is unique in the sense that one gets to earn 2X points on every purchase with a 5% miles return once the points have been redeemed.

5. Blue Cash Preferred Card for American Express

This card is best for everyday spending with its $150 cash back for purchases worth $1,000 within the first 3 months of opening an account. There is also a 5% cash back of groceries worth $6,000 per year

Feel free to drop us a line if you have any questions on picking the best rewards card for you.