Tag Archive for: Money

How to Make the Most of Travel Points

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BONUS FREEBIE: Want even more ways to stay organized, productive and less stressed? CLICK HERE to get access to my List-Making Starter Kit. It will boost your efficiency and get you back to doing more of the things you love.

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I love traveling — visiting new places is fun, inspiring, and keeps me curious. But it can also be expensive. That’s where travel points and reward systems come in. They can seem complicated, but they’re also an excellent tool for maximizing your time and money. 

Whether you’re a frequent flier or an occasional vacationer, learning how to maximize your travel points can enhance your travel experience — and keep costs down!

Here’s how to get the most out of your travel rewards.

1. Understand the different types of travel points.

Travel points generally come from two main sources: airline loyalty programs and credit card rewards. Here’s what to know about each type:

Airline miles: These are earned by flying with specific airlines or their partners. Each airline has its own program, so understand how many miles you need for a free flight and how to accumulate them.

Credit card points: Many credit cards offer points for purchases. These can often be transferred to airline and hotel loyalty programs, giving you more flexibility in how you use them.

2. Choose the right credit card.

Selecting the right credit card is crucial for maximizing your points. Look for cards that offer one or all of these benefits:

Sign-up bonuses: Many cards provide substantial bonuses if you meet a spending threshold within the first few months.

Bonus categories: Some cards offer higher points on specific categories like travel, dining, or groceries. Choose a card that aligns with your spending habits.Also it’s smart to know which cards will get you the most points for your purchases. I love The Points Guy app because you can put your credit cards in there and when you’re out making a purchase it will tell you which card to use to optimize your purchase! 

No foreign transaction fees: This is especially important for international travel, allowing you to use your card abroad without additional charges.

WHICH CARD DO YOU USE? 

I get this question a lot so I’m going to list out my favorites here. I’ve tried a bunch through the years and these are the ones that have consistently allowed me to travel in the Delta One cabin (my favorite!) get lounge access, free access to Clear and Global Entry, and so much more! I’m sharing affiliate links for these cards so if you sign up using one of these links, I may get bonus points or miles but you will too! 

Delta Skymiles Platinum American Express: I’ve been using this card for years and I love it because I love to fly Delta. If you are dedicated to one airline and in a city that it services often then I think it’s a good idea to go all in. However, other cards have more flexibility if you want to transfer your points/miles elsewhere. If you apply for an American Express Card with this link, you could earn a welcome bonus and I could too. Terms Apply. 

Chase Sapphire Preferred – This is a great card for travelers and you’re able to accumulate Chase Ultimate Reward points. The nice thing about these points is that you can transfer them to any of the partner companies that use them so you don’t have to use all your points with Chase. It’s the most versatile way to use points. There’s a Limited-time offer – $300 Chase Travel℠ credit + 60,000 bonus points with Chase Sapphire Preferred. I can be rewarded if you apply here and are approved for the card. 

Bilt Mastercard: This is a new one for me and I got it because once we sold our apartment in New York City we started renting again. And usually when you pay rent with a credit card you have to pay a fee. That’s always difficult when you’re trying to get points for a credit card reward program but Bilt has figured out a way around it! There are no fees when you pay your rent using the card. Great, right? Yep! Use this link to sign up and you may get a bonus and I could too! 

Delta Reserve Business American Express Card: I’ve had this card for years as well and it’s one of my favorites. I got it as soon as I started my own business and I’ve never regretted it. Although it does come with an annual fee it’s worth it to me because of all the benefits that I get with it. Apply for an American Express Card with this link and you could earn a welcome bonus and so could I!  Terms Apply. 

Chase Ink Business Preferred Card: I use this one for my business and it also feeds into my Chase Ultimate Rewards bank so I can transfer the points to other airlines, hotel chains and more. Earn 90,000 bonus points with the Ink Business Preferred® card or up to $1,000 bonus cash back with the Ink Business Premier® card, Ink Business Unlimited® card or Ink Business Cash® card. I can be rewarded if you apply here and are approved for the card.

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3. Consider your spending habits. 

To maximize your potential points, think about your spending habits. Everyone is different and you want to consider what actually makes the most sense. But really, you don’t want to spend any more money than you normally would. You just want to optimize your spending. 

Everyday spending: Use your travel rewards credit card for everyday purchases to accumulate points. Just be sure to pay off your balance each month to avoid interest.

Bonus promotions: Stay updated on promotions from airlines and credit card companies that offer bonus points for specific purchases or during certain periods.

Shopping portals: Many airlines and credit cards have online shopping portals that offer extra points for purchases made through them.

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4. Leverage partner networks.

Most airlines and hotel chains have partnerships with other companies, allowing you to earn and redeem points more effectively:

Hotel stays: If you have airline miles, check if you can transfer them to a hotel loyalty program for points. This can be especially useful during travel.

Car rentals and dining: Earn points by booking car rentals or dining at participating restaurants that are part of your airline or hotel loyalty program.

5. Be strategic with redeeming points.

Redeeming points wisely can significantly enhance their value. Here are some factors to consider:

Book early: Award availability can be limited, especially for popular routes. Booking early can help you secure the best deals.

Avoid blackout dates: Be aware of blackout dates and peak travel seasons. Flexibility can lead to better redemption options.

Consider off-peak travel: Traveling during off-peak times often requires fewer points, allowing you to stretch your rewards further.

6. Stay informed to get more out of loyalty programs.

It can be easy to skip sign-ups for loyalty programs — who needs more emails in their inbox? — but they might lead to serious savings!

Newsletters and alerts: Sign up for newsletters from airlines and credit card companies to stay updated on promotions and changes to their rewards programs. I recommend reading The Points Guy’s Newsletter and also took a free online course through 10xTravel that I found really helpful. 

Apps and tools: Download apps that track your points (usually offered by the airline or bank). They might offer reminders for when to book flights or tools to redeem rewards. I love TripIt because it’s an organized way to keep track of not only your travel itineraries but also your points and miles. I have TripIt Pro and think it’s worth the yearly fee. The app alerts me of changes to my itinerary often before the airline does. 

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7. Know when to use points versus cash.

Sometimes, using cash might be more beneficial than redeeming points:

Value of points: Calculate the cash value of your points. If the redemption value is less than what you’d pay in cash, consider saving your points for a better opportunity.

Special promotions: Occasionally, airlines or hotels offer discounted rates that might be lower than the points required for redemption, making cash a better choice.

Maximizing travel points requires strategic planning and a bit of research. By understanding your earning potential, choosing the right credit card, and being strategic about redemption, you can travel more for less. 

Happy travels!

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BONUS FREEBIE: Want even more ways to stay organized, productive and less stressed? CLICK HERE to get access to my List-Making Starter Kit. It will boost your efficiency and get you back to doing more of the things you love.

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Money-Making Productivity Tips

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BONUS FREEBIE: Want even more ways to stay organized, productive and less stressed? Click here to get access to my List-Making Starter Kit. It will boost your efficiency and get you back to doing more of the things you love.

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Imagine the life you really want to be living. What does it include?

For many people, the answer includes traveling to new places, eating good food, visiting friends and family, and living in a comfortable environment. 

Well, all of those things require financial planning skills!

Jennifer Barrett, financial expert and author of the book Think Like a Breadwinner, joined me on my live-streaming show Inside Scoop. We talked about how to rethink your approach to finances in order to create the life you really want.

1. Look at the shorter-term.

Jennifer says that many of us think that all we need to think about is saving for retirement and having a rainy day fund. But that view is limiting — you’re leaving out all the things you want to do before retirement!

Jennifer suggests having short-term savings goals that line up with your life goals. Do you want to have children or start a small business? Well, both of those things require money. Jennifer says it’s a good idea to align your investment plan with the amount of money you’ll need for the milestones you want to achieve.

2. This doesn’t have to be hard.

For many people, especially women, the messaging we’ve been getting is that financial literacy is complicated. But Jennifer says that’s just not true!

When it comes to investing in the stock market, Jennifer suggests checking out the S&P 500 list of companies. Those investments will probably be safer for beginners. If you’re struggling to decide which stocks to buy, let your interests guide you!

Jennifer’s grandmother actually led the way for her on this one — she invested in companies whose products she used or was interested in!

You don’t have to move around your stocks, either. Jennifer says that leaving your investments to grow until you need them is probably your best bet. 

3. Set yourself up for success at work.

Jennifer has some productivity tips for work, too. You can try focusing on “promotable work” — the things you do that will help you get to the next stage in your career.

Spending your time and energy on what researcher John Williams calls “office housework” (like ordering food for meetings) is probably not the best use of your time. Those tasks often fall to women because they want to be helpful. But that means missing out on productivity and promotions. 

You don’t have to be rude or unhelpful — just balance your time and priorities so that you are not doing unseen labor.

Want more money-making tips? You can watch our full conversation here.

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BONUS FREEBIE: Want even more ways to stay organized, productive and less stressed? Click here to get access to my List-Making Starter Kit. It will boost your efficiency and get you back to doing more of the things you love.

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5 Money-Saving Apps to Try

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money-256319_640Making lists goes hand in hand with budgeting. Sometimes it’s not about how much you’re spending, but what you’re spending that money on. Lists help you keep track of that kind of detail.  Most people know how much they spend on groceries or gas a month, but how much do you spend at restaurants or on new clothes? Or how can you save a few dollars here or there to buy the stuff you really want?

Here are some of my favorite money-saving apps:

Mint.com – This website organizes all your accouts into one easy to view site. It has a savings tool, which allows you create a saving goal and lets you know if you’re on track to meet your goal. They also have a budgeting tool that tracks all your expenses and puts them into categories. It’s a free, easy to use service.

If you’re worried about security Mint has recently introduced a two-step verification process so your login is more secure. Read more

It’s Tax Time! Are You Ready?

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Image via TaxGeeks

Image via TaxGeeks

It’s one of my least favorite subjects but I’m forcing myself to talk about it because it’s important. It’s tax season and the deadline is creeping up. I know that this is a stressful time for people, and a lot of people worry that they might be accused of having unfiled tax returns or owing back taxes.

Just do it — and get it over with! Then we can make lists of things to do with your refund!!
Here are a few ways to get your taxes in order this year:

Evernote: You know how I love it. I use it every year to organize all the expenses that I want to keep track of and everything is easy to find when it’s time. Then you can scan or email your finished return right into Evernote to keep track of for years to come. It’s really the easiest method. Read more