My wife and I try to charge as many of our expenses as possible to our cash back reward credit cards. Not only do we get cash back, but charging expenses to our credit cards helps with our cash flow situation. Of course, we make sure we pay the credit cards off each month so that we don’t incur interest charges.
We each have our own cash back credit card that we use for business expenses as well as a joint cash back credit card that we use for household expenses. We earned a total of $646.36 in cash back rewards from these credit cards in 2009. That works out to an average of $53.86/month. This is truly free money since we pay off the credit cards each month. I love it!