How to Save an Extra Thousand a Year by Just Using Your Credit Cards

According to Bureau of Labor Statistics, a typical American family spends annually $3,971 on groceries, $2,468 on gas, and $2,787 on food away from home. Using credit cards that give back 3% cash back on gas, 6% cash back on groceries and 2% on everything else, you can easily save an extra $1,094.86 a year. Personally, I also use PenFed Visa to get 5% cash back on gas and Citi Double Cash to get 2% cashback on everything else. As Jason Steele said: “If you’re already spending this money on everyday purchases, there’s no reason not to save an extra thousand dollars a year.” (wisebread.com)