🎉 It’s the holiday season, the New Year is looming, and everyone is gearing up to make those famous resolutions. You know, "exercise more," "spend less," "eat better"—and of course, “get my finances in order.” But while you're busy swearing off eggnog and making big plans for 2024, I have a question for you: Are you secretly sabotaging yourself with how you’re using your credit cards? Let’s talk.
Credit cards: they’re shiny, they’re convenient, and they’re everywhere. But guess what? They’re also costing you big. Interest rates are through the roof—think 20% (and that’s if you have good credit). And let’s not even start on those pesky fees from vendors passing their credit card charges straight to you. Congratulations, you’re now paying an extra 3% just to swipe. 😬
I know, I know—you’re in it for the rewards. Who doesn’t love free flights and airport lounges? But here’s the harsh truth: you’re already paying for it. Think about it. Paying $500 annually for that elite card only to “earn” a free plane ticket? Newsflash: that ticket isn’t free. The reward game is a racket, folks. The real reward? Keeping your hard-earned cash where it belongs—in your wallet.
Let’s talk about that black card. You know, the one that makes you feel like a millionaire every time you whip it out. Sure, it’s fun to pretend you’re a VIP, but here’s the deal: they all swipe the same. Whether it’s gold, silver, or “exclusive,” those bells and whistles don’t actually do much except drain your account with annual fees. Ego trip? Expensive. Financial freedom? Priceless.
Here’s the blueprint: Credit cards should work for you, not the other way around. Use them to extend cash flow for 30-60 days, pay off the balance in full, and keep that money out of the hands of credit card companies. Forget interest payments. Forget “exclusive” perks. Keep it simple. Keep it smart.
At Calculated Moves, we believe in empowering entrepreneurs, family businesses, and modern go-getters to build wealth—not feed into financial black holes. Let us handle the headaches of accounting and taxes so you can focus on doing what you love (and keep Uncle Sam off your back while you’re at it).
Let’s turn your New Year’s resolution into a financial revolution. Start by ditching those bad credit card habits—and we’ll show you how to make every dollar count. 💪
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Donna Bordeaux, CPA with Calculated Moves
Creativity and CPAs don’t generally go together. Most people think of CPAs as nerdy accountants who can’t talk with people. Well, it’s time to break that stereotype. Lively, friendly, and knowledgeable can be a part of your relationship with your CPA, as demonstrated by Donna and Chad Bordeaux. They have over 50 years of combined experience as entrepreneurial CPAs. They’ve owned businesses and helped business owners exceed their wildest dreams. They have been able to help businesses earn many times more profit than the average business in the same industry and are passionate about helping industries that help families build great memories.