Never Pay Full Price: How to Save Money by Stacking Deals, with Stephen Weyman
The MapleMoney Show
Are you still paying regular price when you shop? With the right strategies, you don't need to step up to a till or hit that cart button without getting some kind of discount, rewards, or cash back. Or even better yet, get all of that on the same purchase! Stephen Weyman from creditcardGenius and HowToSaveMoney.ca stopped by the show to explain how we can stack multiple types of savings before, during, and after a purchase, so you'll never need to pay 100% of the listed price again. You can find the show notes for this episode at https://maplemoney.com/stephenweyman One of the things we talk about on this episode is credit cards, well our sponsor, Borrowell, allows you to receive personalized product recommendations for credit cards, mortgages and loans from trusted partners. Head over to Borrowell to get your free credit score, and more at https://maplemoney.com/borrowell
How Credit Cards Can Help You Become a Homeowner with Stephen Weyman
The Burn Your Mortgage Podcast
Stephen Weyman is the founder of HowToSaveMoney.ca and creditcardGenius, sites dedicated to helping Canadians maximize their money. In my interview with Stephen, we discuss how Stephen burned his mortgage at a young age, buying a forever home and why the Maritimes is a good place to invest in real estate.
Stephen Weyman knows a lot about credit cards. --- In my opinion, credit cards should only be used in one way: I think you should only buy something with a credit card if that money is sitting in your bank account right now. Credit cards are not for borrowing. Please don't use credit cards for borrowing. There are times in our lives when we need to borrow money. But credit cards are one of the worst tools for borrowing. The interest rate is way too high. So just promise me that if you ever really need money, right now, and you're thinking about borrowing it with a credit card, look at other options first. Maybe a loan or a line of credit with a lower rate. Just look at other options and only borrow with a credit card as a last resort. Credit cards are a tool for convenience and benefits. Now that you have agreed to only spend money you have in the bank, I can introduce you to Stephen Weyman and his new website called Credit Card Genius. There are so many options when it comes to getting a credit card. Before I talked to Stephen, I would have told you to never get a credit card with an annual fee. You know I hate fees. But what if the benefits you get when you use the card are much higher than the annual fee? Example: Before I owned a car I rented cars all the time. Many credit cards come with collision and damage coverage if you book the rental car with the card. If you don't have a card with collision and damage coverage, the rental company will charge you $30 per day. That's an extra $210 on a rental for just a week. So if you rent a car for a week, even once a year, maybe a $99 annual fee on a credit card isn't so bad. This is just one example of a credit card benefit. But there are so many that trying to remember them is making my brain hurt. That's where Stephen and Credit Card Genius can help. For over 7 years Stephen has been the mastermind behind the website HowToSaveMoney.ca. And while he included credit card reviews on HowToSaveMoney.ca, he realized the world of credit card selection was complex and needed its own space. So Stephen found all of the credit card options in Canada and put them on one site. Turns out there are more than 150 different options. He even built some cool features to help you find the credit card that works best for you. Stephen joined me in downtown Toronto for my first outdoor and underground mobile episode of The Personal Finance Show. (And a special shout out to Daniel Trezub from savewithdan.ca for making that cameo at the end.)NEXT EPISODE17 - Jessica Moorhouse (Payments Race) Click here to book a FREE 15-minute personal finance consultation with Beau Humphreys, Personal Finance Coach Click here to become a patron of The Personal Finance Show via Patreon To register for my next available personal finance webinar click here.
132 How to Get the Most Out of Your Credit Cards - Stephen Weyman, Blogger & Founder of Credit Card Genius
More Money Podcast
Are you getting the most out of your credit cards? It might be time to take a good look at them and check to see if they are really the best on the market. Just take it from Stephen Weyman, blogger at HowtoSaveMoney.ca and founder of CreditCardGenius.ca who knows how to optimize your credit cards, get free trips using points and figuring out a great formula to see which cards need to be ditched and which cards you should consider replacing them with. Long description: If you’re curious how to get the most out of your credit cards, what the deal is with credit card churning, and how to protect and improve your credit score, this is the episode for you. I talk to Stephen Weyman, the blogger behind and the founder of the new credit card comparison site , all about credit cards and he definitely proves that he has a wealth of knowledge on the subject. The fact that he was inspired to develop Credit Card Genius because he had a massive Excel spreadsheet of data on credit cards already just goes to show how passionate he is about credit cards. And I’m so glad because I feel like even though most of us use credit cards, a lot of us still don’t know some very important things about them. Credit cards can be great to earn points and cash back, and they have a number of other benefits too. But, that’s only if you use them responsibly. If used irresponsibly, they can have some not so good outcomes like consumer debt, a low credit score and even bankruptcy. So, the best way to make sure you use them the right way is to be well-informed and I hope this episode succeeds in helping you get there. Learn More About Stephen For full episode show notes visit: https://jessicamoorhouse.com/132