How to Money Friday Flight - Points for Paying your Mortgage, Credit Card Consultants, & AI UBI (to each according to his need!) #1092
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Jan 23, 2026 This week covers intriguing financial updates, starting with the unexpected expenses of Dry January. Learn about a new mortgage rewards card that lets homeowners earn points, with some caveats. The conversation also dives into hiring credit card consultants and the rising trend of AI-based financial guidance. Additionally, smaller weddings are gaining popularity, often featuring cash gifts. Finally, explore whether AI could reduce medical bills significantly and the implications of tapping 401(k) funds for home purchases.
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Student Loan Garnishments Paused Temporarily
- The Department of Education paused wage garnishments for defaulted student loans while new repayment plans are developed.
- Joel suggests borrowers still try to resume payments when possible and watch for early-summer updates.
Mortgage Payments Can Earn Points—With A Cost
- Bilt will let homeowners earn points on mortgage payments but charges a 3% processing fee that can negate rewards.
- Joel notes you must use the card widely and redeem points cleverly to make it worthwhile.
Choose Simple 2% Cards If You'll Forget
- If managing complex rewards isn't your strength, pick a simple flat-cashback card like 2% options.
- Joel and Matt recommend straightforward cards over chasing complicated perks you may miss.