watch the way this woman talks about paying off credit cards by paying your bills by credit card, then putting the money you were going to use to pay those bills onto that credit card to pay it off quicker:
I do something like this - everything goes on the credit card, then I pay it in full every month. I never carry a balance. But I do get cash back, and I put that in a high yield savings account. I use that money and the interest to do things like pay my phone annually instead of monthly, which saves money. It all adds up.
It's an interesting, if slightly misleading, use of the term "cash flow;" I think. It's a pretty good line in the sand if you absolutely don't buy anything you don't need during the process
and, like thaumata, I am allergic to credit card interest and pay all of my cards every month, but use this method to rack up rewards, especially through Amazing Prime VISA. I pay all of my (budgeted in advance) bills on the card, then faithfully zero out the balance each month
I use the couple of hundred dollars in rewards I have at any given time to cover impulse purchases, which serves two purposes: 1) it makes me think about whether I want something enough to wait a couple of days for it, and B) it doesn't add strain to the budget itself
We use my Costco CitiBank card for stuff at Costco, gas, and pretty much any large purchase we might have to buy, just for the cash back. We pay it off monthly unless we've had to use it for something major (car repair, etc). We use Otto's card for monthly utilities and pay it off each month just so we have that line of credit availible.
I have another card that I use specifically for my "entertainment" budget each month (SL and ebooks) and I stick to my budgeted amount within $5. If I have used my amount up before the end of the billing cycle I don't use the card until the new cycle.
I think. It's a pretty good line in the sand if you absolutely don't buy anything you don't need during the process