this post was submitted on 04 Mar 2025
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Seeking advice. I'm having trouble handling monthly finances and week budgets with multiple credit cards. What should I do? (lemmy.selfhostcat.com)
submitted 1 month ago by ocean@lemmy.selfhostcat.com to c/personalfinance@lemmy.ml
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I feel I should get rid of them or stop using them but most have good benefits so I am unsure what I should do. I tried using YNAB but it isn't how I think about money. I really need to stick to my budget but with my partner and child I feel money is constantly flowing out.

  • Sams card great for Sams and gas. Free. Only use for the above.
  • PNC unlim good all around and free.
  • Older PNC card, told not to cancel because it is free for my credit. Only pay utils on it. Not worried about this one.
  • Amazon card, 5% discount on amazon for family essentials, free.
  • Amex, 95$, good all around, and great customer support.

I'm thinking I should possible cancel Amex and Amazon because they easily add up, then focus on just using my main PNC unlim card. Thoughts on this?

The Amazon discount and Amex purchase protection are both nice but having more than one with so many purchases as a family is stressful.

I don't see any reason to cancel the old PNC card or Sams card. Use around 100$ a month on them.

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[–] jeffw@lemmy.world 1 points 1 month ago

Is the concern managing too many cards or overspending because it’s easy to use a credit card?

[–] CircuitGuy@lemmy.world 1 points 2 weeks ago

Are the cards the problem? If you used other methods of payment, e.g. paper checks and cash, would you have the same problem. If so, find the root cause of the problem. If the cards are the problem, I would stop using them and forgo the bonus points. Maybe that costs you hundreds of dollars a year, but think of forgoing them as a bank "fee" that you pay in exchange for simplicity.