Earn and Save in Real-Time with Beam Wallet: A Practical Comparison Between José and Pedro
Earn and Save in Real-Time with Beam Wallet: A Practical Comparison Between José and Pedro
In everyday life, many consumers encounter hidden transaction fees and interest charges that can chip away at their budgets. Beam Wallet offers a powerful alternative that allows users to save in real time through cashback, while also guiding them to the best deals in their area to maximize savings. Below, we’ll explore two scenarios: José, who uses Beam Wallet, and Pedro, who relies on conventional banking methods – and the financial impact this choice has on each of them.
José: Real-Time Savings with Beam Wallet on $900 Essential Expenses
José, a small business owner, uses Beam Wallet for his essential monthly expenses, which total $900. Even with this relatively low amount, the 15% minimum cashback provided by Beam Wallet creates a noticeable impact on his monthly savings. Throughout this article, we’ll show how, even with this modest amount, savings can accumulate—and what happens when monthly spending increases.
1 – Cashback on $900 Monthly Essentials José uses Beam Wallet to cover his monthly essentials, including groceries, pharmacy items, and fuel. With the 15% cashback, he accumulates $135 every month, supplementing his budget while Beam Wallet tracks the best offers for him in his area.
Annual Impact on $900 Monthly Expenses: With the 15% minimum cashback, José saves $1,620 per year, which he can put toward other priorities or reinvest in his well-being.
2 – Extra Savings with Variable Offers Thanks to Beam Wallet’s system, José can also benefit from special offers ranging from 30% to 80% cashback at local stores and services. This additional advantage significantly boosts José’s savings.
Special Offer Example: One month, José makes a $200 purchase at an electronics store with a 70% cashback, earning him $140 on top of his regular $135 from essential expenses. This brings his total savings to $275 for the month.
Pedro: $900 Monthly Expenses with Interest and Fees
Pedro, who doesn’t use Beam Wallet, covers his $900 monthly essentials with a conventional credit card, incurring interest and transaction fees. He faces an average 2% transaction fee and 3% interest on his monthly balance, costing him $45 extra each month.
Annual Cost of $900 Monthly Expenses: With an additional $45 every month, Pedro ends the year with $540 in extra expenses, with no cashback benefit.
Comparison on $900 Monthly Expenses
| CATEGORY | JOSÉ (BEAM WALLET - CASHBACK) | PEDRO (CREDIT CARD - FEES) |
|---|---|---|
|
Groceries ($400) |
+$60 |
-$20 |
|
Pharmacy ($200) |
+$30 |
-$10 |
|
Fuel ($300) |
+$45 |
-$15 |
|
Electronics – Special Offer ($200) |
+$140 |
– |
|
Total Monthly +$275 |
+$275 |
-$45 |
|
Annual Savings/Cost +$3,300 |
+$3,300 |
-$540 |
This calculation is based on a relatively low monthly spending of $900 on essentials. With a slightly higher amount, the savings potential becomes even greater.
Scenario with $1,500 Monthly Expenses
To illustrate Beam Wallet’s savings potential at a higher spending level, let’s consider José and Pedro now with $1,500 in monthly essential expenses.
1 – José: Increased Savings on $1,500 Monthly Expenses With Beam Wallet, José earns 15% cashback on $1,500, resulting in $225 saved each month from the minimum cashback alone. With special offers, his savings can increase even more.
Annual Impact on $1,500 Monthly Expenses: With the 15% cashback minimum, José saves $2,700 per year, and with variable offers, he could double or triple this amount.
2 – Pedro: Interest and Fees on $1,500 Monthly Pedro, however, pays $75 each month in transaction fees and interest on $1,500, costing him $900 a year without any cashback benefit.
Comparison on $1,500 Monthly Expenses
| CATEGORY | JOSÉ (BEAM WALLET - CASHBACK) | PEDRO (CREDIT CARD - FEES) |
|---|---|---|
|
Groceries ($600) |
+$90 |
-$30 |
|
Pharmacy ($300) |
+$45 |
-$15 |
|
Fuel ($400) |
+$60 |
-$20 |
|
Electronics – Special Offer ($200) |
+$140 |
– |
|
Total Monthly |
+$335 |
-$75 |
Beam Wallet: A Real Advantage at Any Spending Level
Beam Wallet provides users with a tangible financial benefit, whether they have $900 in essential expenses or a slightly higher monthly budget of $1,500. With the minimum 15% cashback and additional offers up to 80%, José’s accumulated savings allow him to improve his quality of life and cover extra expenses.
Conclusion:
In any spending scenario, Beam Wallet proves to be an effective tool for saving and avoiding hidden fees that reduce consumers’ purchasing power. José’s experience shows how even a modest budget can yield real returns, while Pedro bears the burden of conventional fees and interest.
