All of us are familiar with the struggle of learning to deal with our finances independently, especially in today’s unreliable financial situation. Growing up can be tough without learning about the hundreds of small expenses that seem to eat up your money every month.
With the increasing financial burden as you grow up, move out and get your first job, tips about spending your money smart, and saving up, can be lifesavers. Money transaction scan be a tricky thing, especially with credit and debit cards in the mix, so you need to keep an eye on where your money is actually going.
The infographic explains the sneaky ways in which you can save money by paying with the right medium. It may seem easier to just pay with your cards all the time, but when the money is not physically in your hand, there can be hidden charges you never realize you are making.
Knowing when to pay with either cash or a card can not only save you extra money every once in a while, but also help you be more cautious with your money and how you spend it.
Credit card companies are usually not very forward with information regarding extra charges and benefits, so it is always better to know when it is beneficial to pay in credit, rather than assuming and paying the (extra) price later.
Be the smart spender you know you can be by taking a few seconds to count the cash next time you need to pay a utility bill that might charge extra on your credit card.
Infographic by: https://www.barnesandnoble.com/