Sometimes you just don’t know where your money is going. With deposited checks and direct-deposits bringing money into your account, and your debit card drawing it back out for you to spend in cash form, you pick up receipts everywhere you go and still aren’t sure where all of your spending is taking place. But you can take the uncertainty out of the process with a Chase Credit Card. A Chase Credit Card will help you keep track of your expenditures, so you always know how your money is working for you.
Some people think that credit cards cause people to spend money unwisely. While it’s true that it is never a good idea to overextend your budget by using a credit card, a Chase Credit Card can actually be a powerful tool to help you keep track of and stick to your budget.
We all try to keep track of our accounts, but it can be difficult. Receipts get lost, and checks take time to clear. You only have to slip a digit once before your checkbook is completely out of whack. It’s just too easy to lose track of all the odds and ends of your accounting, and before you know it, your balance comes up hundreds of dollars off, and the checks start bouncing. A Chase Credit Card can help you keep track of the loose change, so you always know exactly where you stand, and how you got there.
Every time you use your Chase Credit Cards, Chase is keeping an accounting of where you used your money, what you used it on, and when you used it. So while you’re digging through your receipts and struggling to keep your checkbook balanced, a Chase Credit Card could be doing all of the work for you. If you use your credit card exclusively, then your monthly Chase Credit Card statement can tell you exactly where you spent your money, every day.
This can help you establish or re-evaluate your budget. Having all of the information on your monthly expenses in one easily understood document makes it so you can spot problem areas for you budget, and see where there might be room for improvement. There’s no room for fudging the numbers or taking it easy on yourselfâ€”your Chase Credit Card statement will help you be realistic about how you’re spending your money. Create a few categories, like â€œentertainment,â€ â€œfood,â€ â€œclothing,â€ â€œmiscellaneous,â€ etc., and place all of your statement expenditures into one of the categories, and total them all up.
Doing this, you might be able to realize that your food spending has started to overreach your planned budget, without you ever thinking about it. If your â€œmiscellaneousâ€ total is greater than your food budget, you might think a little bit harder about the gum you buy a few times a week at the gas station. Whatever your budgeting woes, having a firm document telling you exactly what you’re doing with your money can help you decide how to make changes that will improve your financial security. You can carve a reasonable monthly budget out of the expenses represented by your Chase Credit Card statement, and pay attention to future statements to help yourself stick to it. Your Chase Credit Card can save you money and give you peace of mind.
You can also use your monthly statement to keep track of any business expenses you might have. It can be difficult to keep your personal finances and your business financial separate sometimes, but your Chase Credit Card can help you untangle them. Your monthly statement can help you weed out purchases and expenses that you can get reimbursed for, and help you complete your taxes. Your Chase Credit Card isn’t just a convenient source of funding. It’s practically a personal accountant.
And as if that isn’t enough, not only will your Chase Credit Card help you save and keep track of your money, but it can even help get you cash back. Chase Credit Cards come with an excellent array of rewards benefits, so you can be earning more money to spend wherever it is that you spend your money the most.