Credit card LIMIT: the money that HASN'T HIT your account yet

Credit card LIMIT: the money that hasn't hit your account yet Your bank gave you a high credit card limit and it feels like extra money this month. It isn't. A credit limit is money the bank lends you, and everything you put on your credit card becomes a bill paid with a paycheck that hasn't arrived yet. A simple habit: before you swipe, take the purchase out of your next paycheck and check what's left for the month's bills. If the math doesn't work, you're buying with money you don't have yet. #creditcard #personalfinance #moneytips #financialpsychology Save, like and share for more insights! Subscribe to the channel. FOCUS&FINANCE: Why do you overspend? Financial Psychology in seconds. Tue/Thu.