Deduct a Credit Card Charge in Your Check Register as if You Made The Purchase With a Check
Count the money gone—it is. Every time you make a credit card charge, enter the amount in your checkbook as if you had written a check for the goods or service. Circle the amount of the charged item to differentiate the charge from a purchase by check and enter “C.C.” in the check-number box to indicate a credit card charge. Deduct the amount of the charge from your bank balance. Although the money is still in your account, you have virtually set it aside for payment on your credit card bill when it arrives. At the end of the month, the circled items represent everything you charged on all credit cards. The money has already been deducted from your bank balance and is available for payment.
Think of it. No more statement shock. No more frustrated remarks like, “I couldn’t possibly have charged that much this month.” As you deduct each charge in your checkbook, you will become more aware of what you are really spending. The plastic fantastic has no mercy, but credit cards cannot control your financial life unless you allow them to.
Tags: credit card deduction, financial strategies, Made The Purchase With a Check