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Monday Money Links – Just Butter It Promotion, Triangle Points, and More

Just Butter It Promotion (Sponsored)

Derek Szeto, the founder of RedFlagDeals.com, has contacted me to help him promote his latest joint venture with RBC – Butter.  What is Butter?  It’s a free service that pays you CASH in exchange for your subscription data (Netflix, Amazon Prime, Spotify etc).

How does it work?  It’s pretty straightforward:

  1. Create an account with Butter;
  2. Connect your credit card or bank account (ie. I tend to use my credit card for everything);
  3. Butter will automatically go through your transactions to find subscriptions;
  4. Butter will pay you 1% on your subscription costs an on ongoing basis; and,
  5. They will use your consumer data to send you personalized offers to save you more money (this is one way they make money, they get paid if you sign up for these offers).

So say that I have subscriptions at (annualized for simplicity):  Amazon Prime ($99/year), Netflix ($132/year), Spotify ($120/year), Costco ($120/year), CAA ($120/year), the gym ($550/year) that are paid through my credit card for a total of $1,141/year .  Butter will recognize those subscriptions and pay me a total of $11.41/year.  If you have a compatible RBC credit card, the cashback doubles to 2%.

For a limited time (until May 15, 2018), they are offering a $2 Amazon e-gift card for new users who connect a financial institution.  Join Butter and collect your $2 Amazon freebie here!

Money Links

Credit Card Genius wrote about the new Canadian Tire Triangle points program and associated credit cards.  The new cards are actually pretty enticing if you shop at Canadian Tire/Sportchek/Mark’s.

With all the new mortgage rules, have you started to think about your mortgage renewal?  Boomer and Echo shares his mortgage renewal strategy.

There’s been a lot of talk about retirement (my thoughts on early retirement) in the blogosphere lately.   This time around, My Own Advisor writes about minimizing taxation in retirement.

One important aspect of a long-term investment portfolio is asset allocation.  Canadians tend to overweight their portfolios to the TSX (ie. I’m guilty of this), which is not ideal.  Gen Y Money explains asset allocation and the home bias.

Again on the topic of early retirement, Tawcan (in his 30’s) can retire right now if he were to sell his Vancouver house and buy dividend stocks but chooses not to.

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FT About the author: FT is the founder and editor of Million Dollar Journey (est. 2006). Through various financial strategies outlined on this site, he grew his net worth from $200,000 in 2006 to $1,000,000 by 2014. You can read more about him here.

{ 6 comments… add one }
  • Leo Ly @ isaved5K.com May 7, 2018, 9:27 am

    As I have a few years left until I reach financial independence (not a lot of people like the word retirement as I noticed), I am often on the lookout for ideas on how to pay les taxes in the future. The less taxes I pay, the more I have to spend or the slower the rate on the drawdown of my savings.

  • Cristian May 7, 2018, 1:51 pm

    1% is not a huge sum. Definitely not worth sacrificing my privacy…

  • Tawcan May 7, 2018, 1:58 pm

    Thanks for the mention Frugal Trader! :)

    Not sure if worth it to provide such data to Butter for only a 1% gain.

  • Jin May 7, 2018, 8:03 pm

    Interesting.
    But not for me.

  • GYM May 8, 2018, 2:03 am

    Thank you so much for the mention, FT!

    Interesting that RFD is interested in acquiring subscription data! The 1% and $2 Amazon gift card isn’t enough of a ‘carrot’ for me though :(

  • Randell May 9, 2018, 1:47 pm

    I don’t think you are using ie correctly. ie. I wouldn’t use it that way.

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