All the Hacks with Chris Hutchins cover image

25 Money Rules (and When to Break Them) with Brian Feroldi

All the Hacks with Chris Hutchins

NOTE

Maximize Value: Know When to Replace and Cash In

When faced with rising product prices, challenge your employer for a salary increase by linking it to inflation and increased company pricing. Employ the 850 rule for appliance replacements: replace appliances older than eight years or if repair costs exceed half of the replacement cost. This prevents unnecessary financial strain from indecision. For maximizing credit card benefits, aim for at least 4% cash back in your highest spending category, 3% in others, and never settle for less than 2%. This structured approach can enhance your financial decisions and rewards.

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