1. Write down your monthly budget and understand what recurring expenses you can put on your credit
cards. For us, these expenses include:
c. Utilities (Internet/Cable Bill, Gas, Water, Electricity)
d. Cell phone Bill
e. Entertainment (Restaurant Meals, Date Nights, etc.)
2. Make note of your credit card’s closing statements. We keep track of these dates on a spread-sheet.
If it makes more sense for you to set a reminder on your phone’s calendar, do it. Do what’s most convenient for you.
3. Automate your credit card payments to PAY IN FULL* every month. All credit cards/banks let you set this up ahead of time. By paying your credit card balances in full, you avoid paying costly finance charges and interests.
What are some of the ways you’ve cleverly managed your credit card spending?
Carlos and I are not professional financial advisors. Please consult with a finance or tax professional before implementing any of our suggestions in this article.