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BK-CPA, Certified Public Accountant (CPA)
Category: Finance
Satisfied Customers: 933
Experience:  Owner of a CPA firm
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What is the best way to pay?

Customer Question

What is the best way to pay for goods?
Submitted: 1 year ago.
Category: Finance
Expert:  BK-CPA replied 1 year ago.

There is no absolute answer to this, but I'm going to start with the obvious for some humor: use money! Ok, so for some additional options:

1) Bartering is a wonderful method if it is available (for example, a mechanic might fix my car and in turn I do his taxes).

2) Use a credit card that offers some incentive, like cash back, air miles, etc.

3) Use coupons, special offers, and other discounts whenever available.

4) Pay in accordance with terms, such as 2/10 net 30, which means you get a 2% discount for paying within 10 days and otherwise the due date is 30 days.

Expert:  BK-CPA replied 1 year ago.