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*** Edit 2025 *** I wrote a better and more comprehensive guide here: https://frugalprofessor.com/the-ultimate-guide-to-fidelitys-cash-management-account-cma/   As a result, feel free to ignore the post below and instead rely on the guide above.     *** Edit 2024 *** Fidelity has updated their Cash Management Account to now allow SPAXX as a core position (if you … Read more

**** This post has been superseded by these ones: **** https://frugalprofessor.com/an-audit-of-boa-credit-card-reward-efficiency-2019-q3/ https://frugalprofessor.com/best-credit-card-rewards-strategy-2019-edition/   What Changed? A month ago, Bank of America updated their policy for the cash rewards card. Prior to the change, the rewards were as follows on the cash rewards card: 3%*** gas 2%*** grocery/wholesale 1% all else Last month, this changed to: … Read more

I spent 2-3 days in 2018 writing down everything I know about the U.S. tax code with the hopes of turning it into a book some day. It’s not exactly a page turner, but it may very well make you hundreds of thousands of dollars richer over your lifetime through the minimization of your lifetime … Read more

It has been a good year for the FP household. Here is our Christmas card, which is admittedly redundant to much of the blog.   Highlights include: Year of Medicine: Mrs FP had her gallbladder removed. FrugalChild3 had an emergency appendectomy. Mr FP broke his nose playing basketball. FrugalChild2 is allergic to everything (grass/weed/pollen/dust).FrugalChild1, FrugalChild3, … Read more

Last December, I publicly posted the following 2019 goals. For the sake of public accountability, here’s how I grade myself for 2018 (bold is my grade & self assessment, non-bold is the original goal). At the end of the post I’ll include my 2019 goals. Finances Keep doing the painfully simple things that generate wealth: … Read more

***** This post is now obsolete and has been replaced by this one: https://frugalprofessor.com/best-credit-card-rewards-strategy-2019-edition/ ****         **** Begin 2019 update **** This post was written in late 2018. BoA has since made a few changes to their cards. 3% cash back on BoA cash rewards card is now a choose-your-own category (rather … Read more