Asked 2w ago
I am starting to get multiple credit cards and find it hard to know what I spent on.
I think having the Seedly app does help to categorize and track your various expense and income sources to your different credit cards.
Besides, it might be a good idea to see which credit cards give the most amount of cashback/ rebates for the various things you are purchasing. Then, it will be easier for you to remember and track your purchase to a single card whenever you purchase them from now on.
Hope this helps :)
How many cards do you have? I recommend doing a monthly finance check in (I do mine on Excel) where you list down your total expenditure and CC balances.
Low maintence, but it helps you feel in control of your spending and savings. comment and let me know if you want more details, I'd be happy to share how I do it!
I think the best method is to stick to just 3-4 credit cards and to use each card for a specific function (ie to earn cashback or accumulate miles). You could opt for the SMS function where you get a text on how much you've spent on each transaction (kind of a sobering reminder if you spent on impulse).
Also, having too many credits card would defeat the purpose of racking up points since you would never be able to have a solid amount of points for 1 card to redeem any goodies.
Personally I think it depends on the purpose of the cards you’re using. For instance, if you have multiple credit cards, perhaps a particular card could be used specifically for big-ticket or pricier items, while another card can be used for your regular daily expenses. It depends on your needs/preferences. Nonetheless I’d suggest to use an expense tracker, it’s honestly very helpful! I think Seedly’s app allows you to record expenses based on the respective accounts so that can be pretty handy. For me, I stick to using only one credit card most of the time, so it’s much simpler to track :)
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