- Simple Budget
- Achievable Short and long Term Goals for Saving Money
- control your bank and credit cards
Today we will go through one small hack that you can apply to save lots of money by controlling bank and credit cards and sticking to the budget.
You can find gifts cards in any large retail shop. Even now you can find Visa gift cards similar to Credit cards where you can use any where that accept credit cards.
Normally you will shop in the same retail shop in your area. So when you go through your previous months expenses you can get a rough idea about how much you have spent on each shop. Then check whether these shops have any gift cards available. Only tick is to buys gift card worth of average amount you have spend on that shop for a month. Weekly will add extra pressure on handling gift cards and you will end up with more cards with extra credit on it.
How can a gift card comes in handy? You will stop using the bank or credit card more often in your day today purchases. You know exactly how much you can spend on each month or how much you have for the rest of the month. Main advantage is that if you had to spend over your budget you know exactly how much you had spend. In any case you had to spend extra on that month do not worry about it. Important part is to know that you have spend over the budget on that month. If it is for some thing unavoidable you have no choice but if it is because of some miscalculation you know exactly what happened.
Also you can use your favorite credit card that gives you more points or rewards as well but with extra control.
Apply Gift Cards for the possible regular purchases and leave some extra chase for the purchases that may not support the gift cards. Otherwise you will have to spend extra or go out of the budget to support such purchases.
Things you should consider before buying a gift card.
- Valid period - gift card should have at least couple of months valid period.
- Valid shops - gift card should be valid on your regular retail shop or shops.
- Extra Cost - gift cards should not add any extra cost.
It is a simple hack that can give you full control over your monthly budget and bank and credit cards.
