Consolidating travel

You can’t book any high-value awards if you only have 25,000 points in each of 10 accounts.

Ultimate Rewards points issued by a variety of Chase-branded cards address this problem by letting you accumulate one generic point and transfer it to a variety of airline, hotel, and rail partners only when you need to make a specific redemption.

Though invoices are submitted by external suppliers and expense reports are from internal employees, the invoice and expense management processes within the accounts payable department share a lot of commonalities – whether it is the way they are received into AP, the manner in which they are routed for review and approval or finally settled.

Invoice management includes the following processes – invoice receipt from suppliers, sorting invoices based on various parameters, matching purchase order (PO)-based invoices, routing and approval of non PO-based invoices, exception management and discrepancy resolution.

But just as important as diversification is consolidation.

Management and opportunity costs multiply when you spread yourself too thinly.

You borrow enough money to pay off all your current debts and owe money to just one lender.

Diversification is an important tool when making any kind of investment.

Frequent flyer miles are a horrible investment because they are almost universally devalued with time, but the description remains accurate.

So you miss out on the benefits that consolidation brings, like saving on fees, better rates for your outstanding debt and a clearer picture of whether you're really meeting your financial goals." The easiest place to start consolidating is with your bank accounts-especially if you use several different financial institutions.

Consider moving your money to just one of them, one that's closest to where you live or work.

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"With so many different accounts, no one has a clear picture of what it costs to run the household," says Diane Dekanic, a certified financial planner and owner of Financial Health Management in Calgary.

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  1. They’re not afraid of showing their feelings in public or telling their girls flat out how they feel about them. The extreme version of this is known as “gaijin hunter” and some will do everything for the sake of having one of those adorable “half”-kids (half Western, half Japanese) just to toss their foreign guy later on.