Are you using your credit card like a debit card for added security and convenience? If so, you're not alone! In this episode of the Money Mindset Podcast, we explore how to budget effectively when using your credit card for everyday expenses. Discover valuable insights and practical tips for planning your budget by paycheck while maximizing the benefits of using your credit card. Whether you're a fan of credit cards or prefer a cash-based approach, this episode has something for everyone. Tune in to improve your financial strategies and enhance your money management skills. Hosting Today: Hey, I’m Ashley Patrick, a personal finance expert and founder of Budgets Made Easy. I help busy moms create systems to save money and pay off debt so they can reach their big dreams faster and easier. I was able to pay off $45,000 in just 17 months including $25,000 in student loans in just 10 months. I’m a Master Financial Coach and have a bachelor's degree in psychology and will help you get to the root of your money problems. Since my journey started I have been featured on Fox Business, Yahoo! Finance, Food Network, USA TODAY, MSN, CNBC, NerdWallet, and many others. “So if you're really overwhelmed with getting started, how to start, how to manage all of this simpler is better, right? So what I would encourage you to do in that situation is to stop using the card, just use debit, go to cash, like simplify things until you can kind of get a handle on where the money's going, what needs to pay, be paid when. And then once you get in a good routine, then you can start going back to using the credit card.” - Ashley Patrick Timestamps: 00:54 - Introduction 04:48 - Paying bills with the paycheck budget system 06:41 - Real-life budget example 11:31 - Resetting and simplifying your budget for better control 12:47 - Keeping track of your credit card expenses 19:05 - Paying credit card balance on the closing date vs. the due date 21:32 - Creating a separate bill payment account 31:58 - Checking your credit report 40:46 - Celebrating financial wins Do you wish you had a supportive group of women like you to connect with about money? Come join me for a Budget Bestie Meetup on The Money Mindset Podcast, and let's learn and grow as a community! You can sign up at www.budgetsmadeeasy.com/meetup. And if you enjoyed the podcast today and got some great takeaways, I’d really appreciate it if you followed the Money Mindset Podcast so you don’t miss out on future episodes Resources and Links Mentioned: * Book your Budget Bestie Meetup episode here- www.budgetsmadeeasy.com/meetup Connect with Ashley: * Instagram: www.instagram.com/budgetsmadeeasy

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.