Master Plan

Through the years I've listened to my frugal & money-wise friends when they talk about their finances. I'm now caught up to the point where I can start acting like them!

1)I intend to put all my regular monthly finances on a cash back credit card and pay it off each month. (no interest if you pay off monthly) Things like: Student loan payments, Gas&Elect, Cable Internet, Cell phone, Car Gas, Groceries, Car Ins, Netflicks, Gym fees, etc. All the regular bills amount to $$$ that I will receive cash back on.

2)The money that will pay off the credit card can sit in the ING high yield savings account for a full 30 days to earn interest. Instead of being taken out at various times and lowering my daily balance which the interest is calculated on.

3) The next question is: Do I pay off the student loans quickly or save the money to buy my next car mostly in Cash??? Interest Rate vs Tax Savings. Banking math is not my math degree!