What is the cash cut off

Last Friday, my colleague Xiao A came to the office to borrow 5, yuan, because the credit card repayment date was wrong. The money was there, but it was in the stock account and could not be transferred out that day.

Seeing that he is embarrassed and in a hurry, I can't help worrying about him. Fortunately, the bank reminds him to pay back in time, otherwise it will be overdue and the credit history will be stained.

I personally don't agree with Xiao A's practice of putting "cash to be used" in the stock account. Since I want to pay back the credit card money, I should prepare it in advance and use it to buy stocks. I also said, "I will earn pocket money in the short term" and take the stock market as my own ATM.

Goose, I didn't mean to laugh at my colleague, because I had this problem in the early days of using my credit card. I was elated when I swiped my card, and I was sad when I repaid it. Occasionally, I was in a hurry and my cash was cut off.

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solution

-set up a "time difference" account.

specific practices

1. Do a good job of saving first

Every time the salary arrives, the amount of savings should be deducted first, because the most important formula for financial managers is-expenditure = income-savings. If it is reversed, it is likely to fall into a moonlight state.

2. Reserved consumption amount

Deposit the consumption amount into wealth management products with good liquidity, such as Yu 'ebao, for daily expenses, which requires good liquidity and can be used for consumption. I use the most familiar Yu 'ebao.

3. Change the time difference in time

Try to use a credit card for daily consumption, and immediately transfer the corresponding amount to the credit card repayment account after each relatively large consumption (generally above 1 yuan).

This repayment account is my "time difference account".

For example, I just swiped my card to buy a water purifier, with a consumption amount of 3, yuan. After swiping my card, I transferred it from Yu 'ebao to my credit card management software, which usually earns about 6% interest. As soon as the bill is issued, I will set up automatic repayment immediately.

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Benefits of "jet lag account"

1. Avoid excessive consumption

Every consumption is debited from my cash account, so as to experience the feeling of "dreary exercise" and avoid the "unconsciousness of spending money" when using credit cards.

Second, avoid credit stain

Cash is advanced in advance for each consumption, so that there will be no cash flow interruption and "inability to repay" on the repayment date to avoid credit stain.

Third, use the time difference to earn interest

Use the interest-free period of the credit card to make the "time difference cash" roll in the "time difference account" to earn interest. Every little makes a mickle.

Credit card repayment is lagging behind, which leads to the cardholder not feeling when spending money, but exclaiming "Oh, my God, how did it cost so much" when paying back the money. The above method is also my practical experience in the struggle with the credit card, the "enemy of saving money", and I will share it with you.

In addition to credit card consumption, daily expenses such as rent, mortgage and car loan are applicable to "time difference account".

For wage earners, the payday is relatively fixed. When the wages arrive, we should make a forward-looking grasp and layout of this month's consumption in time. At this time, the "time difference account" shows a great role.

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Tool recommendation

According to the demand of "jet lag account", it is required to have the following two characteristics

1. It cannot be used for consumption

2. It supports credit card repayment

I have learned that there are two kinds of suitable tools:

1. Internet money funds

that is, money funds traded on the Internet platform.

2. Credit card management software

such as 51 Credit Card Manager, Kaniu Credit Card Manager, etc. I use 51 myself, and the user experience is not bad.