This is basically what I do. It made keeping track of my finances really simple. I just try to keep my checking account balance higher than my credit card balance. If there’s anything left when I pay off the card at the end of the month I move that over to savings. Easy peasy.
The thing I found about using my credit card like this is it actually ended up saving me a bunch of money because in times when money was tight it gave me the flexibility to stock up on things when they were on sale, or to get the extra jumbo value pack with better per-unit cost, because I could spread the cost over several paychecks instead of being limited to what I could afford out of just that week’s paycheck. If you do it right it does a lot to take the edge off of “Vimes’ boots” theory of socioeconomic unfairness.
This is basically what I do. It made keeping track of my finances really simple. I just try to keep my checking account balance higher than my credit card balance. If there’s anything left when I pay off the card at the end of the month I move that over to savings. Easy peasy.
The thing I found about using my credit card like this is it actually ended up saving me a bunch of money because in times when money was tight it gave me the flexibility to stock up on things when they were on sale, or to get the extra jumbo value pack with better per-unit cost, because I could spread the cost over several paychecks instead of being limited to what I could afford out of just that week’s paycheck. If you do it right it does a lot to take the edge off of “Vimes’ boots” theory of socioeconomic unfairness.