There are four things that can realistically be done with money. You can save it for a use at a later date, spend it to satisfy an immediate need, lend it to someone else with the expectations of receiving it back with interest or give it away to help provide a need for someone or something else. I do all four in order to build a strong foundation for myself and family. Should it be a 25% in each bucket or a mixture depending on your situation? I'm in the investment stage of my life so I'm doing more saving and lending then giving money away right now.
What is your percentage of saving, spending, lending and giving? What phase are you in life?
I was contemplating using credit card membership points to buy gifts for friends and family. I'm thinking it would be a great way to free up my cash flow. I have an AMEX right now with over 100k in points and I'm planning to use those to purchase gifts for birthdays or holidays. Any one else ever done this strategy before and if so, what other cards help you accumulate points quickly?