GMR 163: How to Use Credit Cards Without Wrecking Your Budget - a podcast by Leo Sabo & David Thompson
from 2021-02-23T07:00
Show Notes
How to use credit cards without wrecking your budget
Use your credit card as a form of payment, not as an extra source of income.
Assign each Credit Card transaction to a budget category.
Ensures you’re only spending what you’ve planned.
Helps you keep track of all your credit card usage.
Makes it easier to pay the balance in full every month.
Manage your money with a zero-based budget
The best way to track expenses is with a debit card
You can use a Credit card, but be aware, your checking account balance won’t match your budget tool until you pay off your credit card.
Pay off the full balance each month, not the statement balance.
Prevents you from overspending.
Keeps everything reconciled and balanced.
Eliminates interest charges.
Resources
Debt tools and other free resources - https://leosabo.com/resources
David’s website - www.stewardshippastors.com
Further episodes of Getting Money Right
Further podcasts by Leo Sabo & David Thompson
Website of Leo Sabo & David Thompson