Replying to OneNostrich

Thanks nostr:nprofile1qqsxy0kjrr0gzvghsdjk0q7kee5sk5s638zdcz0j393wt075lf2fyjgprpmhxue69uhhqun9d45h2mfwwpexjmtpdshxuet5qyw8wumn8ghj76r0w3exjemgw3hx7aewdehhxarjxyhxxmmdqyxhwumn8ghj7mn0wvhxcmmv6qp545, I've learned so much from your content. I get bi-weekly pay. On payday, I pay with fiat all credit cards (normally up to the statement balance rather than full balance) due before the next payday. Remaining funds are converted to Bitcoin. In between paydays, i am using credit cards. So at the moment, this is a savings strategy.

I guess by paying bills upfront I can miss on some price appreciation.

Question, when your creditors initiate ACH payment request, they will do it for minimum due, or are you managing the payment amount more closely ?

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pup 1y ago

Thank you! It really means a lot to hear that you found some value in my content.

As to your question, my ACH payments are either fixed costs like my mortgage or loan payments, or variable like credit card payments.

When I used Fold, I did have to manage my fiat balance more closely to ensure I was keeping enough fiat on hand to pay the bills.

Now that I've switched to Strike this is less of a concern as I can just keep around 1 month of expenses in bitcoin there, and they will just get paid out as they bills come due.

I hope this clarifies things, but please don't hesitate to ask if you require further clarification.

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