So I finally was able to reach the minimum reward level to cash out some miles in one of my credit cards. Made the call and got the check. I was unhappy that Capital One reduce that reward but I knew about that last year. Now I put that card away and don't use it anymore and use the free MyPoints cc exclusely. I really hate having to close this account because I have had it for over 8 years, but the $19 annual fee doesn't outway the reward anymore. I know I am going to take a hit on my credit score, when I lose the long standing credit relationship as well as increase in credit usage when lose the credit line for the account. When I make a major purchase and get my monthly credit charges over $1000, I notice that my credit score drops about 20 points. In anticipation of the January annual fee charge, I called CapOne to have the account close and they said they will send me a letter to waive the charge if I keep it open. I decided to keep it open and deal with it until next year.

Another anticipated increase in annual fee is my overdraft line of credit which I never use. Before it was only $10 a year, but I received a notice that it was going to be increased up to $36. Wow, another annual fee for an unused credit. It is nice to have the overdraft there in case of extreme emergencies, it hasn't happened. If I close this account and eventually close the CapOne cc, then I will lose 70% of my total credit lines. Hate to see what my credit score is going to be after that.

Maybe time to start looking at other available credit options. Great more applications, more accounts, more paperwork, and more account management which I am a super micromanager in such regards.

I got my Christmas bonus today and I realized that that bonus will be more than the total I am going to pay for gifts this year. Can it be true? I am going to make out with a positive cash flow during xmas?

After I got my close friends to join my no gifts for adults xmas, we stopped with the gift exchange in that circle. Last year, my siblings and I decided to do the same and only buy gifts for the nephew and have a nice dinner for the rest of us.

I wish I can give my siblings some money to help them out because they always seem to struggle around this time of year, but if I do, they will just end of giving me something. It would be hypocritical to give something in this world where people give because they were given.

The only big pool I have to shop for is the office group. Though everyone knows that it is not required, but the environment is that everyone in the department buys everyone a gift. It's better to buy the gifts instead of answer the questions why I don't care for xmas.

Scrooge me this, scrooge me that, xmas is too damn materialistic.

This is it. This is the point where Rich America has too much money to waste. They wouldn't sell unless somone was going to buy it, but he is buying this

I am going to move forward and start my career as an