Spring is almost upon us and we'll soon be ushering in the Year of the Rat. It's time to prepare your home so you can welcome the new year and your relatives with festive decorations, sumptuous feasts and well wishes. But as you indulge in food, drinks and shopping this season, do take note not to overlook your credit card bills. Here's a few tips to help you stay on top of your spending.
May you have it all sorted out
Making a shopping list and sticking to it can help you control how much you spend. By setting yourself a strict budget and following a list, you'll find yourself making fewer impulse buys, which in turn saves you time and money.
You can also look at sorting your list into different categories – such as gifts, food, red packets and entertainment – and allocate a budget for each category. That way you can keep your expenses in check while seeing what you're spending most of your money on.
May you enjoy peace and prosperity
One of the biggest pitfalls to look out for is setting yourself a 'fluid' budget. While you may be tempted to spend a little here and there at the New Year's market in Chinatown, it can all add up. Consider being a bit stricter with yourself now so it will all pay off in the long run.
If an item you want is too expensive, keep shopping around or put it back instead of getting caught up in sales. And if you have money left over after you've finished your Lunar New Year shopping, it might be better to put it away for a rainy day.
Stay focused on what you need so you don't lose sight of your budget. If possible, choose the more affordable option but don't compromise too much on quality. And if you can do without an item, you probably don't need it. If you're shopping online, always double check what you're buying and make sure you understand the return policy.
May you find the hottest offers
Whether it's sharing the dinner bill with friends or buying some last-minute gifts online for your relatives, it might be inevitable that you use your credit card. To help keep track of your expenses, you can write down how much you've spent and make sure you pay off your credit card bills on time every month.
Keep an eye out for any good deals or discounts that may come with using your credit card, such as on our ENTERTAINER with HSBC app. Find unbeatable dining, leisure, wellness and entertainment offers – complimentary for all HSBC credit card holders. You can also sign up for our credit card instalment plans to help you spread out your repayments.
May you have a rewarding year
Don't miss out on our exclusive Lunar New Year redemption offers! Make your credit card purchases count by redeeming abalone gift sets, designer furniture and more this season. And remember to check out our rewards catalogue for more Lunar New Year shopping, dining and travel deals.
Did you know you can pay bills using your Reward Points too? Using Pay with Points, you can make the most out of your hard-earned points by redeeming rewards you like or paying off your credit card bills.
With these handy tips in mind, you'll be able to start the new year right and set yourself up for success. We wish you a prosperous year ahead, with peace of mind for your family, friends and finances.
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