I read a great post recently on How to Stuff Your Pig and it took me a bit to let the message sink in. I had stopped using my credit card because I found I was likely to say to myself, “it’s only a little more.” Those little more purchases added up! When using my debit card a little more is the difference between being able to pay or not.I’ve missed using my card as it’s a points card and last year I was able to purchase most Christmas gifts and all my hosting needs with those points. However the mess I’d gotten myself in made me wary of using the card again
With the advice ringing in my ears I decided to use my credit card last week. It worked in the sense that I was able to “spend” from my savings accounts without a visit to the bank. The problems were:
- I found myself a bit less diligent as I knew I would be able to cover the cost of my purchases
- transactions aren’t recorded immediately.
The transaction recording has improved greatly since my card and I took a break. Now the company shows pending charges which allows me to track my spending much better than before. The hiccup occurred when I went to check my spending and was recorded as blowing the budget by $200.
A quick call confirmed there were holds on the account due to some gas station stops. Since I can’t find those receipts I have to wait a few days to see what the damage is.
I’m going to continue using my card this month and see if my spending mindset has improved. My only way to help myself is to also continue my weekly budget so I know how much I should be spending per week.
Do you have any tips to help keep me on the straight and narrow?