Originally posted by manish_okhade
Originally posted by 9StockPortfolio
Credit Card is a great tool which has actually helped me to lower my spending and increase savings.
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How? |
1) I have a report in my software for exvery Rs.100 expenses happened in last 4 yrs. That is possible because I swipe CC for every little transaction. So that i can keep track and restrict myself from doing unnecessary spending.
This is not possible with spending cash. you never come to know where did you spend the cash.
2) Last year i redeemed 19k points and got few items which were anyways free. That doesn't mean i shop for points, Points are by products. you redeem or don't.
Thus Not doing unnecessary expenses is savings for me :)
regards