Browse Month: June 2018

Update: Chase Freedom Announces 5% Cash Back Categories for Q3 18

Financial IndependenceLast year, we wrote about our decision to begin using a Chase Freedom credit card with 5% cash back on purchases in rotating categories every quarter.

Because Chase Freedom offers only 1% cash back on purchases that do not fall into the special categories, and the 5% cash back incentive applies only to the first $1,500 in qualifying purchases every quarter, we still do most of our spending on our Fidelity Rewards card that offers 2% cash back on all purchases.

That said, adding the Chase Freedom credit card into the mix has proven to be a Smart Financial Decision for the ROMT family.

Since we started using the Chase Freedom card last spring, our family has received about $375 in extra cash back and sign up incentives!

Not a bad payoff for a brief online application and spending a few seconds to make sure we are using the right credit card when making purchases!

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Solar Energy Update: Why Am I Already Thinking About Next Winter?

Early RetirementOur first spring with solar power is working our very well for our wallet!

As the days have gotten longer over the past few months, we’ve started to build up a large bank of solar energy credits to keep our electricity bill low next winter. A combination of lots of sun, relatively cool weather, and no need for air conditioning have kept our power production high and our electricity consumption low.

I’m looking forward to reviewing a full year of solar data when we reach the one year mark with our solar panels in a few weeks, but as of right now, I’m still viewing our installation of a home solar energy system as a Smart Financial Decision as we continue trying to move closer to financial independence and early retirement.

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