Budget Management Tips

Creating and managing a personal or household budget is an important skill and sometimes even an art. Accidental and uncontrolled spending does not imply prior thinking, and spending money in accordance with a set plan can be difficult for some, especially for people who are not used to limiting their spending.

Manage your budget


However, learning how to manage your budget can be really helpful in many ways. At some point in your life, the situation can change dramatically and you may find yourself a single parent with 3 children; or to be fired; or another case. Budgeting tips may be helpful in this case.

One receives less money than they need


In fact, this is a fairly common situation where one receives less money than they need, and we have all been in urgent need of money at some point in our lives. However, the stress of such situations can be greatly reduced by making some basic but clever financial arrangements. Setting up your budget is easy if you follow some basic tips.

First, you need to have a clear idea of ​​your financial status . Your bank statements and your accounts and similar things – all of these will help you create a realistic picture. It makes sense to split your expenses into groups (such as household bills, food, car, etc.) and calculate your running costs, and plan for a possible limit on these spending groups. In the future, you must adhere to these restrictions and ensure that you first cover your bills.

If you have taken the path of family budgeting, make sure that everyone who lives with you – your spouse and your children, or any other family member – will participate in budget compliance. It is not rational to start just limiting yourself to a set budget and keep the rest of the household going unplanned. Such cooperation will bring good results especially for your children, they will learn to value money and allocate their budget well from an early age. This is a skill that will never be useless.

Get in the habit of reviewing your budget at least once a week . Set an hour at the end of the day, once a week, and check your expenses and savings. This will help to create a stable and clear picture faster and discipline yourself more.

Save money on entertainment

Save money on entertainment

Setting your own budget will help you save money on entertainment while limiting your spending on excess overdraft. You will be able to successfully manage your household and credit expenses. By saving money on things you don’t really need, you’ll see that you have more cash left over for the things you really hold.

You can make budget notes by hand, but there are many different applications available today that can help and make the process easier and more enjoyable. If you use a smartphone with Android you can find a convenient application to help organize your budget, and you can also find an online site with this feature where you can register and track your income and expenses. This can be really helpful and save you time and, more importantly, money.

Credit Card Account Cut Date Change How?

We will be sharing information about changing the credit card account cut date , how the account cut date changes, how the account cut date is determined, how there is a link between the account cut date and the last payment date. Turkey has 25 million active credit card used.

According to recent research, there is information available that 1 in 5 people use a credit card. When this happens, these credit card users may have some usage-related problems. One of them could be changing the account cut date . We may need to change this date because our credit card account cut-off date may contradict our planned payments. So how to change the account cut date? Information about changing credit card account cut date.

What is the Account Cut Date?

What is the Account Cut Date?

Account cut-off date is considered as the date when credit card usage is determined. As the credit card users will know, the bank will provide you with a statement after the use, and this statement will include your periodical usage and expenses. The date on which the payment date of these expenditures is determined is determined by the account cut date. The statement period is the corresponding period between the two account cut dates. Your spending from one account cut-out date to the other cut-out date indicates that the credit card must be paid by the due date .

You may have difficulty in making payments if the credit card account cut-off date and due date is a period that is contrary to your scheduled dates. On the other hand, since credit card payment delays are considered as one of the most important factors that directly affect your credit rating, changing the account cut-off date can be seen as one of your natural rights and these transactions are quite simple. Every bank can change your account cut-off date in a short time because it gives importance to user satisfaction. However, this process may be reflected on your statement late due to dates .

Account Cut Date Change How To …

Account Cut Date

As we mentioned in the first part of the article, changing the account cut date is a very easy process. If your account cut-off date and deadline date do not match and you have cash problems between these periods, you can change the account cut-off date of your credit card very easily and ensure that transactions are made. There are many options for changing the account cut-off date, and we’ve listed them for you below.

  • Change to Branch

    Change to Branch

You can go to the bank branch where you worked and tell them you want to change your account cut date. You can directly tell the customer representative which date you want your account cut date to be and ensure that the transaction is performed. However, this is one of the most preferred methods because it is very likely that the transactions will take longer because they will request petitions and documents for the transactions you will go to the bank branches.

  • Exchange with Mobile and Internet Banking

If you’re using mobile or internet banking, this is the fastest way to change account cut dates. During this period, when the banks developed themselves digitally, you can update your account cut date in a very short way by entering the credit card menu in internet banking. This is the shortest and easiest way to change account cut dates.

  • Changing Customer Service by Calling

    Changing Customer Service by Calling

Another method would be to call your bank’s customer service. Since there are still customers who do not use internet banking today, you can make transactions by calling customer service instead of going to branches. Considering that they do not use internet banking on credit cards used by retirees, making a change by calling customer service can be described as an easy method.

By choosing these methods, you can change the account trimming date by a shortcut.

How should the account cut date be set?

credit cards

Since the account cut-off date is one of the factors determining the payment date, it is one of the dates that should be considered. If you are applying for a new credit card , you must make your payment plan and choose the most appropriate cut-off date before you choose your cut-off date. If you set the cut-off date and the due date without planning, you may have difficulty with future payments and cause your credit rating to fall. You should also keep in mind that credit cards have serious determinants in their credit ratings .

Since banks set their account cut dates so that they can be selected by users, they will ask you the preferred date range during your credit card application . If you apply online, you can also select the range of account cutoff dates from the corresponding menus. If you have set the account cut-out date at the time of application, but you later find it unsuitable, you can change your account cut-out date by considering the options given above.