Blogger Profile

Michael Coleman

Blog Info

The Budget Boy
General Finance
Budgeting, credit card rewards, investing, real estate, debt
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Blogger Bio

Net worth:
Silver Spring, Maryland, United States
Life stage:
DINK (Dual Income, No Kids)
Business Analyst
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Latest Blog Posts

I’m a storyteller. But not in the usual sense. I tell my stories through data. In order to tell better stories, it requires better data. My full-time job involves tracking and analyzing data in order to make key decisions for the company. It’s not just about better and more accurate data, but also about better organized data. Poorly organized data tells a poor story, leaving the valuable insights hidden. For example, ...
Posted: Aug 01 2017 @ 8:39 AM
Why pay to fly when you can fly for free? If you play the credit card game correctly, you can take advantage of big promotions to earn free travel. Right now a hot deal is the Citi Aadvantage Platinum Select World Elite Mastercard which currently has a 60,000 point sign-up bonus after spending $3,000 in the first 3 months. With 60,000 points, that gives you exactly the amount of points needed ...
Posted: Jul 07 2017 @ 8:23 AM
In my last post, I compared the debt snowball and debt avalanche strategies. I noticed that when I see people compare the two methods, I rarely ever see mortgages being addressed. Why is that? I realized this is such an important topic that it deserved its own post. When paying down debt, when should you pay down mortgages? Debt Free Except a Mortgage The general thinking excludes a mortgage from the debt ...
Posted: Jun 27 2017 @ 8:29 AM
When paying down debt, there are two primary strategies: debt snowball and debt avalanche. They both involve making minimum payments on every debt except for one where you focus paying as much extra principal as possible. Once that debt is paid off, you select another debt to allocate the extra principal payments. The difference between the two strategies is the selection method for which debt to focus on. The snowball/avalanche element ...
Posted: Jun 14 2017 @ 7:45 AM
The common belief is that opening a new credit card account will hurt your credit score. Is this really true? There are five different factors that affect your credit score and the factors each have their own weight. Knowing these factors gives you a better understanding of how your credit score would be impacted in both the short-term as well as the long-term by opening a new credit card account. Photo by CafeCredit under ...
Posted: May 03 2017 @ 7:30 AM
Online purchases offer greater potential rewards than in-store shopping for one single reason — shopping portals. You can earn points simply by clicking through a shopping portal to the site where you’re making the purchase. Those points are in addition to the points you already earn on your credit card. It’s double dipping! There are lots of different shopping portals and their rewards rates are constantly changing. It would take way too long to ...
Posted: Apr 13 2017 @ 8:18 AM
Here at The Budget Boy I talk a lot about credit cards. That’s because I find it to be a very important and relevant topic. We never receive any formal education about credit cards, but get bombarded with advertisements and direct mailers daily. By the time we understand their impact on our lives, it’s often only after we’ve already dug ourselves into a hole. I didn’t truly understand credit cards until I was 27. Fortunately, ...
Posted: Apr 05 2017 @ 7:30 AM
You have done your research on a stock and have determined it’s an attractive investment. Now you are ready to pull the trigger and enter your purchase order. How many shares do you buy? It’s all a matter of risk control. Over the long-term, risk management contributes much more to a trader’s success than stock selection. Of course stock selection is still very important. But every investor will have both winners and ...
Posted: Mar 22 2017 @ 8:19 AM
In Part 1, I broke down the credit card reward programs where we received the most amount of value in 2016. Since those programs are where we intentionally focus our earning and redeeming, the remaining programs are left to fight for our spending scraps. That being said, these programs are a great way to supplement our primary rewards with additional value. We use them only when it is optimal for us to do ...
Posted: Mar 16 2017 @ 8:19 AM
Credit card rewards can be very lucrative. If you play the game right, the rewards can add up to much more than merely pocket change. In 2016, my wife and I were able to gain over $13k of combined value from all of our rewards programs. Why do credit card companies allow this? Because having you as a customer is even more lucrative. Even if you never pay a penny in interest, credit card ...
Posted: Mar 07 2017 @ 7:53 AM


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