Personal Finance
Anyone here who likes the challenge of going almost broke at starting of the month? After payment of rent, bills and most bigger expenses, I hardly keep 10K with me. I have credit card for any unforseen expenses however I keep my debit line free of any incoming expense. Anyone here who does the same?
Awesome. Good to see people responsible with their money and like to go with austerity
Same here, but not sure whether I call it being broke. One rule I strictly follow is "Use your credit card like a debit card." I only spend the money using CC that's there in my bank account as a balance at that time. In a way it should be like your debit card is earning you reward points and lounge access and nothing more!
Yeah but the only concern I have is the credit limit is too high so if we dont keep a vigilant eye on the spends you will easily cross your monthly expense limits. Banks keep increasing the credit line compounding the problem
I get your point. I don't even consider the credit limit part in this. They keep increasing like there's no end. Just like you, I keep a minimum balance after all the bills, expenses, savings, etc., and use my CC to spends limited only to that remaining balance. Keeping your example, I would spend only 10k using my credit card since I have only 10k in my account. I meant that :)
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