Gift Cards and Overspending

Gift Cards and Overspending

Gift cards can pose a temptation for us to overspend. If there is an item we really wanted but couldn’t afford, having an extra $50 to offset the cost can create an illusion that now we can purchase that item. If you have to combine your credit card with your gift card in order to make the purchase, you probably should not be buying it anyways!

So enjoy the balance of your gift card and if your budget is tight, stick to your gift card’s amount. You’ll treat yourself to something nice PLUS you won’t have a credit card bill showing up in your mailbox the next month asking you to pay up!

Today's tip brought to you by Mvelopes and Money4Life Coaching.