First, a couple of notes:
- If you’re new to Found Money or these reports, you can read more about them here.
- It’s important to give Found Money a job. Currently, we’re using Found Money to add to our emergency fund. Previous jobs included paying off debt and helping pay for our kids’ college.
Now, onto the report. Here is where we found money from May 2017 through April 2018:
$1294.74 Mr. Rebates
I get a payment every month from Mr. Rebates. I go through Mr. Rebates to earn cash back on much of my online shopping. This year I earned cash back rebates for my shopping at Talbots, Select Blinds, JCPenney, Ulta, and Lands’ End.
Most of my payments from Mr. Rebates, however, consist of referral bonuses. I get these even in the months when I’m not doing any shopping through Mr. Rebates. The referral program works like this: each time your referral gets cash back through Mr. Rebates, you get a bonus equal to 20% of their rebate at no cost to your referral. (If you’re interested in ways to earn passive income, opening a Mr. Rebates account and referring others is definitely something to consider.)
Over the years, I’ve referred a lot of people to Mr. Rebates so each month I earn a number of these 20% referral bonuses. (Note: If you sign up for Mr. Rebates using the links above, you’ll be one of my referrals. You can use the site to get cash back for a lot of your online shopping and, if you like, refer others to the site as well.
$1120.34 Credit Card Cash Back
This was the cash back for one year of spending on our main credit card, the Costco Anywhere Visa. This card pays us 4% cash back on gas*, 3% on restaurants and travel, 2% on purchases at Costco, and 1% on everything else. We put everything we possibly can on this card and pay it off monthly.
*Up to $7000, then it’s 1%, although we never hit the $7k.
Our parents on both sides have the generous habit of giving us cash for our birthdays and anniversary. This year my parents also gave us cash for Christmas. I, in turn, am in the habit of treating these gifts as Found Money and depositing these checks into our savings account.
This is interest earned from the savings account that our Found Money is deposited into.
$371.32 Blog Income
Even this sorely neglected blog earns a little income through the Amazon affiliates program and the occasional sponsored post.
$209.92 Work Reimbursements
Occasionally I purchase something for my job and am reimbursed for it. I treat the reimbursement checks as Found Money and put them in our savings account.
Ebates is another site similar to Mr. Rebates. It’s also free to join and, you will earn a $10 signup bonus after your first $25 purchase. When I’m ready to shop online, I check to see which site – Ebates or Mr. Rebates – has the best rebate for where I’m shopping. This amount is for my online shopping at Macy’s, 1-800-Flowers, FTD.com, eBay, and Ancestry.com.
Found Money Total for May, 2017 – April, 2018 = $4297.37
As always I’m amazed at how these individual sources of Found Money add up. Capturing them and putting them to work is a little habit that has done big things for our finances.
Are you using Found Money to help reach your financial goals? What job have you given it to do?