Most people pay bills by check or by online payment.
This requires them to keep a check record/bill record.
When you pay bills by check you usually enter the amount of the bill andthen subtract it from your bank balance,and enter the result.
NOW to make your 120 a year you simply have to do 3 extra things.
1.YOU must be willing to use a credit card,THat has a 1% cashback feature.
2 You must pay that credit card bill in full each month, with that payment arriving at the credit card company,at least 5 days prior to the due date.
3 In your check record you must do the extra work of putting a star next to the amouts you pay with your credit card.
The reason you use the star on that amount, is that its still in your bank account.
This is a bill you would normally pay in cash, so you simply are leaving the cash in the bank to gain bank interest.
When the credit card bill comes, it can be paid in full because you only paid bills you would pay cash for anyway and thats why you placed a star next to the amounts you paid with the credit card.
The star is how you can easily see what you have to pay the credit card bill with.
The star also indicates that this money IS NOT available to use for something else.
Now the fun part, the money. Your credit card pays 1% cashback on all charges,Bills or purchases do not make a difference.
MOST people pay at least 1000 in reoccuring bills every month.
1% of 1000 dollars is 10 dollars.
10 dollars times 12 months is 120 dollars CHRISTMAS MONEY.
AND ALL YOU DID WAS PAY THE BILLS YOU HAVE TO PAY ANYWAY.
Tuesday, January 15, 2008
HOW TO MAKE 120 A YEAR BY SIMPLY PAYING YOUR BILLS
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