The year is more than half over and we are on track to save at least $3500 this year for non work income! This is how that money showed up this month:
Amex Rewards $69.40
USAA Rewards $5.00
US Bank Rewards $31.05
Chase Rewards $31.37
Amazon Rewards $5.49
USAA Interest $0.14
FNBO Interest $82.18
NFCU Interest $151.01
Total $375.64
YTD $2079.87
Small amount of money add up! Passive income from savings or from your credit card rewards are one place to find extra income. Do not sign up for a rewards credit card if you cannot pay off the balance and are racking up interest on your debt! We use our credit cards like debit cards and pay the balance off twice a month when we get paid.
Saving small amounts can build an emergency fund or a car repair fund. Many people save this way for vacations and big holidays such as Christmas. What do you need to be saving for?
