I was calculating how much i could spend on people this xmas and what with there being 3 birthdays straight after xmas it dawned on me. Would it be worth getting another credit card and calculating all the months bills and taking out whats left over and putting it into the new credit card account?
Basically, once my bills have gone out, i'd like to put the money thats left over into another account but one thats with a credit card. So for example, if DD decides she wants something big for her birthday, i can use the card to get it. So its kind of like a "luxury only" card. Do you see what i mean?
Credit cards don't come with bank accounts OP that's not how they work.
They're a completely separate thing.
I'm still not sure what you're asking but no, I would never advise anyone to get a credit card just for something nice unless you can genuinely afford to pay it back and are just wanting it for convenience and the extra security.
Accounts with debit cards are great but they don't normally attract any interest. Savings accounts are not particularly lucrative but a percent or two on your balance is better than none. Is it a big problem to transfer the cash when you want to use your savings?
It is a bit of a problem because the only bank account that i have is being used for bills and im worried that i'll use some of the money that's meant for bills on other things and not be able to pay the full amount. Its my first month in my first house with just me and DD. So not only am i new to this but im also very scared of not paying any bills especially my rent since its private rented.
Randall - thats how im hoping to do things. I just have this big fear of spending what should have been money for my bills. But i also dont want to have to take cash out every month just to cover me. Its so much easier to do things seperately.
Op I have three accounts- the main account gets my salary paid into it and all the bills come out, I then transfer a set amount into my spending account which is just for me (food etc comes out the bills account) and then a third account that I can put any extra cash to keep it out the way.