Photo by Get £500 in Free Money with This Credit Card Hack
Are you tired of living paycheck to paycheck? Do you dream of having some extra cash in your pocket? Well, Martin Lewis, the renowned Money Saving Expert, has a clever trick up his sleeve to help you get £500 in free money.
The Stoozing Technique
On his podcast, Martin Lewis shared a unique credit card hack that can see savers getting hundreds in free money. But, he cautioned that this technique is only for the highly financially savvy and disciplined.
How it Works
The stoozing technique involves deliberately creating zero percent debt and building your money up in savings. Here’s how it works: you put your income into savings and live off a credit card. With a quick example, Martin explained that the current top savings account is offering a five percent interest rate, so putting £1,000 in would earn you £50 in free money, putting £10,000 would earn you £500, and so on.
The Catch
Simultaneously, you need to pay off the interest on the credit card so it doesn’t pile up as the months go on. Martin warned that this technique will decrease your credit score somewhat, so those attempting stoozing should not be looking to apply for debts like a mortgage.
Using credit cards wisely can lead to financial freedom.
The Benefits
By using the stoozing technique, you can earn hundreds in free money, which can be a huge boost to your finances. However, it’s essential to be financially savvy and disciplined to make the most of this technique.
Make your money work for you.
Conclusion
In conclusion, Martin Lewis’s stoozing technique is a clever way to earn free money, but it’s essential to be cautious and disciplined when using credit cards. By following this technique, you can take control of your finances and start building your savings.
Achieve financial freedom with the stoozing technique.
