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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Higher earners, are we spending/wasting too much? (trigger warning)

151 replies

Bs0u416d · 30/08/2024 21:56

We've recently started putting all our joint expenses through a credit card in order to earn airline points, my DP's idea, not mine. We put groceries, fuel, pet expenses (daycare, food, vets), holidays, dining out, clothes, hobbies etc through the card. We pay for mortgage, bills etc separately but jointly. Cars, savings, pensions and various insurances etc are done individually. We're averaging nearly 5k a month on the credit card and this feels like quite a lot. I feel like the credit card encourages spending because it is unscrutinised, in a way that debit card spending isn't and I'm not sure we get the return in airline points. We're two professional adults and we can afford this, I just wonder if we're wasting money. We're a 300k+ household pre tax, to avoid the drip feed. Can't really ask friends as its awkward.

OP posts:
CarterBeatsTheDevil · 31/08/2024 12:13

I got myself into a bit of a mess with credit cards many years ago (mainly to get my mother out of a mess that she'd got herself into) and only allowed myself to start using them again this year. I keep a careful eye on them and pay them off in full monthly.

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