Worth buying with a credit card, we’ll show you the benefits

One of the easiest ways to reduce our bank charges is to use a credit card. Many people are afraid of this little plastic card and prefer to pay with cash or credit card. However, you can only win by using a credit card, since in most cases, the bank will refund a certain percentage of your purchase amount.

We need to pay a little attention to managing our finances and replenish our credit line on time so there is no loss. Here are some great opportunities to get back more than $ 10,000 in purchases a year.

Even with minimal care, you can save a lot by using a credit card that gets a percentage refund on your purchases. An average family can get a refund of up to $ 500 per month if you choose this payment method. Even after deducting the card’s annual fee and any other charges, this amount can save you more than $ 10,000 a year.

You can save a lot by using a credit card

You can save a lot by using a credit card

People are usually afraid of the unknown, including their credit card, but only until they know the simple rules for using it and the benefits it offers them.

Usually, all novelties are accepted with caution, and if you read credit cards, for example, that they can permanently push you into debt, you will be deterred from using them. But there are only two simple rules to earning thousands of dollars a month using a credit card. First, let’s see the rules and then show you how much you can win with credit cards.

There are two important but simple rules to follow

There are two important but simple rules to follow

First rule: Refund your credit card account in a timely manner for the amount you spent in the previous billing period. We can set a reminder for you, but the bank will also send you an SMS about the due date and the amount due. And with a credit line replenished in time, we’ll be beyond all of our troubles.

If we forget to replenish our credit line on time,

If we forget to replenish our credit line on time,

we would have to pay a fairly high interest rate as a punishment for our oblivion. But there are so many other things to do, for example, if you forget to buy a sticker when using the freeway or pay a fee when parking, that is a penalty.

There is no doubt that credit card business for banks is based on human forgetfulness. But even if we pay a little attention to the deadline when it comes to transferring money, we are certainly not going to be trapped by high interest rates.

Different loan options for retirement

If you want to make a good living for your retirement today, you can do it in different ways. One possibility is the pensions promoted through direct grants or tax benefits. However, home ownership is also a solid way of preserving one’s standard of living by saving costs in old age. That’s why you should…

Consider mortgage lending as a pension

If you want to make a good living for your retirement today, you can do it in different ways. One possibility is the pensions promoted through direct grants or tax benefits. However, home ownership is also a solid way of preserving one’s standard of living by saving costs in old age. Therefore, one should also consider a mortgage lending as a good chance of retirement. The current financial market offers several options:

  • Building loans
  • mortgage loan
  • consumer credit
  • Personal loans
  • policy loans

As a rule, a builder will prefer mixed financing for his construction project. Equity must always be available for mortgage lending. The banks are calling for a minimum, which is currently at least ten percent. Some providers will only give a construction loan if there is 20 percent equity.

What an ideal mixed financing could look like

Of course, the optimal blending financing brings more than 20 percent equity, because it allows us to obtain particularly favorable interest rates. Since the interest on mortgages is currently even less than three percent, it does not always make sense to contribute the home savings loan. Here it must be examined in each case whether it makes no more sense to save the Construction loan contract completely. Then, the term of the loan agreements or at least the interest rate of the loans should be adjusted to the remaining term of the Construction loan contract, so that a free replacement in height of the Construction loan sum is possible.

If theoretically money is available for a partial replacement, then one should also look at whether one might not get higher interest rates if one parks it in a good and above all secure facility. For example, fixed interest rates are currently higher than the cheapest interest rates. However, it must not be forgotten in these calculations that one has to pay the interest on investments plus withholding tax plus church tax and solidarity surcharge. It is therefore important to deduct these shares before comparing profitability, after considering whether a personal tax rate would be more favorable.