get the maximum out of your money

Stock_Doc · Sat, 04-02-2005, 06:59 PM

i read what is almost like the perfect system in maintaining, building credit, and getting the most out of your money. get yourself a good money market fund with check writing abilities, i like vanguard (they usually have a minimum check writing amount; vanguards is $250 dollars i believe), and put money into there. get one credit card and pay everything with it. at the end of the month write out a check to pay off the credit card for the month.

wham! no interest from the credit card, you build interest on the money you have in the money market fund, and to add icing to the cake...you get basically an inventory of everything you spent during the year when credit card companies send out their reports to you, good stuff for tax time. definitely nice not having to lug around a bunch of money too. not a bad way to go if you ask me.

eSology · Sat, 04-02-2005, 07:15 PM

Sounds very familiar to what a friend of mine does. He pays for everything with his Discover card. Pays it off at the end of each month and then gets a rebate at the end of the year from Discover. Personally I don't like Discover Card but the theory is what is interesting.

Sat, 04-02-2005, 06:59 PM	#1 (permalink)
Stock_Doc Stock Analysis M.D. Join Date: Mar 2005 Location: Hammond, Indiana Posts: 50	get the maximum out of your money i read what is almost like the perfect system in maintaining, building credit, and getting the most out of your money. get yourself a good money market fund with check writing abilities, i like vanguard (they usually have a minimum check writing amount; vanguards is $250 dollars i believe), and put money into there. get one credit card and pay everything with it. at the end of the month write out a check to pay off the credit card for the month. wham! no interest from the credit card, you build interest on the money you have in the money market fund, and to add icing to the cake...you get basically an inventory of everything you spent during the year when credit card companies send out their reports to you, good stuff for tax time. definitely nice not having to lug around a bunch of money too. not a bad way to go if you ask me.

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Sat, 04-02-2005, 07:15 PM	#2 (permalink)
eSology Super Member Join Date: Mar 2005 Location: U.S.A Posts: 675	Sounds very familiar to what a friend of mine does. He pays for everything with his Discover card. Pays it off at the end of each month and then gets a rebate at the end of the year from Discover. Personally I don't like Discover Card but the theory is what is interesting.