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Save money putting a spending limit on your cards

Postby augusta » 27 Nov 2022, 00:31

You need to start putting a spending limit on your card, if you serious about saving money because self control on spending might just be difficult for you Alot of times we buy on impluse because we have either our debit or credit card with us. But if you have a spending limit on our card you wouldn't only limit spending but buy very important things we need for the day. This is because we know that we don't have money left to spend if we spend the quota for the day on frivolities. So this will help us save money.

So with Setting a limit to how much you can spend on your credit or debit cards it will stops you from overspending. This will even make one to reassess one's daily expenditures in advance. You can get this service from your bank.

What do you think?
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Re: Save money putting a spending limit on your cards

Postby Shavkat » 27 Nov 2022, 10:32

The good thing is that I do not have credit cards with me. I never attempted to have one or two because I do not want to be in debt.
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Re: Save money putting a spending limit on your cards

Postby augusta » 27 Nov 2022, 16:50

Shavkat wrote:The good thing is that I do not have credit cards with me. I never attempted to have one or two because I do not want to be in debt.


That's the way to go , with a credit card you will always be tempted to buy and buy more so it is better to skip collecting it if you can
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Re: Save money putting a spending limit on your cards

Postby Loveable » 01 Dec 2022, 08:37

Those with no limits are 99% on debt and after a while it becomes impossible to pay debt because of other expenses of family
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Re: Save money putting a spending limit on your cards

Postby augusta » 01 Dec 2022, 08:50

Loveable wrote:Those with no limits are 99% on debt and after a while it becomes impossible to pay debt because of other expenses of family


You are right when you accumulate too much credit balance you fall into total debt which is not great
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Re: Save money putting a spending limit on your cards

Postby parneyhood » 04 Dec 2022, 03:10

without a spending limit on your card, you have brought yourself closer to unexpected destruction because you will continue to shop without limits, it's better to give the smallest possible limit to suit your needs
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Re: Save money putting a spending limit on your cards

Postby augusta » 04 Dec 2022, 04:52

parneyhood wrote:without a spending limit on your card, you have brought yourself closer to unexpected destruction because you will continue to shop without limits, it's better to give the smallest possible limit to suit your needs


That's the truth and you know that we don't mind going on a shopping spree all the time. Without card limit it is always difficult to stop
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Re: Save money putting a spending limit on your cards

Postby darkuszerx » 12 Dec 2022, 03:21

Sometimes we are placed in a situation where we will make impulse purchases that result in us spending the limit on our card and could be worse, so it is indeed a good idea to set a usage limit for that.
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Re: Save money putting a spending limit on your cards

Postby vbludwig » 12 Dec 2022, 03:49

Not placing limits on cards is the same as freeing you from transacting as much as you want and that can bring you closer to destruction.
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Re: Save money putting a spending limit on your cards

Postby ladusimhmor » 12 Dec 2022, 05:05

Spending limits on your credit cards will protect you from massive losses because limits will help you save more by limiting your spending. 
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Re: Save money putting a spending limit on your cards

Postby augusta » 16 Dec 2022, 05:31

ladusimhmor wrote:Spending limits on your credit cards will protect you from massive losses because limits will help you save more by limiting your spending.


That's the whole essence doing this will limit your spending and you would be able to save money in the long run
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