Sunday, June 28, 2015

Makin' It And Savin' It Sunday

This is awesome and kind of scary. Have you ever heard of Stoozing? It's brilliant but would take a lot of discipline. Run over to the Penny Hoarder and check out "Ever Tried This Credit Card Strategy? A Step-By-Step Guide to Stoozing."
This would take some planning and some pretty big balls. Would you try this? I'm on the fence.
Happy Sundaying,
Sonya Ann 

8 comments:

slugmama said...

I don't know.....this seems like a lot of work(mentally)for such a small pay off.
Now if bank accounts actually earned more than .0009% interest I'd be a stoozer no problem!

Sonya Ann said...

sluggy-I just thought hat it was neat because I had never heard of it. I have heard of people maxing out their credit cards and then investing the money and then paying it back at the end of the month. It would take big balls to do that. But those sort of people don't really care if they pay the credit card back or not. I wouldn't be able to sleep after that.

Elephant's Child said...

I am sure it works for some people. And I am equally sure that it works best for the bank. People who go into it with good intentions and get burnt. And then leap onto the next amazing opportunity. And get burnt again.

Sonya Ann said...

Elephant's Child-Hey, doesn't everyone want to get rich quick? ;p

Frances said...

I am with Sluggy. Banks just don't pay enough interest to make this profitable anymore. Or, I am too lazy to look for one. It is one of those reasons.

Sonya Ann said...

Frances-I just thought it was interesting because I had never heard of it before. But if I was going to run a game like this, I would probably max out my credit cards and try my hand at investing.

Jane said...

I remember getting those offers in the mail with cheques attached to them. I never had the balls to stooze though.

Sonya Ann said...

Jane-I think I would have landed us in bankruptcy court if I tried it. I might be better off trying to make money on the stock market. That's not saying much.