I put all these rebate cheques in my tax free savings account. This money is used for crazy hot deals that are not included in our regular budget. I can say that this money goes for building stockpile. ;)
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I put all these rebate cheques in my tax free savings account. This money is used for crazy hot deals that are not included in our regular budget. I can say that this money goes for building stockpile. ;)
I just put it in my checking account to pay for other bills. A dollar cash back is same amount as a dollar paycheck, I use them the same.
Every financial adviser would tell you this: If you have debt, pay it down first - from highest interest to lowest. If not, start saving for an emergency fund (3 months worth of expenses). When that's done, saving for your retirement.
Don't treat cash back as a windfall and waste it on shopping that's for sure.
I combine cashback both from my credit card and cashback websites.