Montana State University

Marsha A. Goetting

Montana State University
Extension Economics
P.O. Box 172800
Bozeman, MT 59717-2800

Tel: (406) 994-5695
Fax: (406) 994-4838
E-mail:goetting@montana.edu
Location: 208C Linfield Hall

 

Credit $marts: Helping You Become Credit $avvy
Credit Card Trackers

Discovering how much you are spending for credit purchases is the first step to help you become credit savvy.  After you’ve tracked your credit expenses you may be amazed at how much you are “really” spending.  Once you are aware of the real cost, you can begin to take control of your credit use. 

A Credit Card Tracker/Holder is available from MSU Extension.  Wrap one around your credit card.  When you use your credit card use the side Record of Credit Cardto track your expenses.  List the date, description of charge and the amount charged.  After each purchase add the amount to the previous balance or expense (See  Example below).

This will provide you with a “running total” of your credit expenses and enable you to become aware of the amount to expect on your monthly credit card bill. In this example $160 is the amount owed. 

If you don’t have a credit card, use the tracker to become aware of your total cash or debit card expenses.

The Tracker also has a place for you to list your personal limits for using credit and questions to ask yourself before using credit. 

You can also order free Credit Card Trackers at the Web site or from: 

Keri Hayes
Extension Economics
P.O. Box 172800
Bozeman, MT 59717-2800
Phone: (406) 994-3511
E-mail:  khayes@montana.edu
Or order online at:  www.msuextension.org/store

Example: With Balances

Credit Card Tracker Example