The credit card trick that can help you budget

You Probably Didn't Know Your Credit Card Could Do This

Between paying rent, car insurance, student loans and credit card bills each month, plus (hopefully) finding leftover funds for groceries and nights out with friends, there's a lot to factor in a monthly budget. While you often can't change when you'll see that glorious direct deposit hit your account, there is one change you can make to your budget — when your credit card bill is due. This simple trick can reduce the likelihood of having to pay multiple big ticket items at once.

Changing Your Payment Due Date

Changing your statement closing date, which in turn changes your payment due date, is fairly easy to do. Call the number on the back of your credit card and discuss a new date with an agent. Find out any "good standing" limitations the company may have — some credit card companies won't change the date if you're already more than 30 days past due on a payment. If the credit card company won't let you set a new due date for some reason, consider setting up your own deadline to send the payment instead of waiting for the statement to arrive. (Make sure you are still aware of when the billing cycle closes so you don't miss a payment, as this could negatively impact your credit score.)

Before you call, establish what time is best to make these card payments. Consider when you get paid each month and when other bills are due. You can choose dates that reduce the likelihood of having all your highest payments due at the same time, as well as what dates will increase your likelihood of being able to pay off your credit card statement each month (or at least some of it). Keep in mind, it may take a couple billing cycles for the change to go into effect.

Even with this budget trick in mind, it's never a good idea to rack up excessive amounts of credit card debt. You may not have to pay the entire amount of your credit card statement each month, as you do with a student loan or mortgage, but doing so can have positive effects on your credit score. Moving the date of when your payment is due may give the flexibility you need to pay off your credit card each month, so avoid using this as an opportunity to spend more. (To see how your credit card payments are affecting your credit you can get your free credit scores, updated monthly, on

RELATED: 20 unusual ways to make money fast

20 unusual ways to make quick money
See Gallery
The credit card trick that can help you budget

Dog-sitting, babysitting, or house-sitting

These jobs are always in high demand, and the best part: you can name your price and create your own schedule! Post an ad on craigslist, or use your friends' and family's connections to get your name out there. 

Photo via Getty

Rent out your space 

List your apartment on Airbnb or another rental site, and make some easy cash by staying at a friends and renting out your place for the weekend.

Photo via AOL

Share your space

Just as you can rent out your full apartment or house, you can also post a free room (or even just your couch!) on sites like Craigslist or Airbnb. This way you can split your living expenses -- and maybe even make a new friend!

Photo via Getty

Sell your body parts

Now here's a weird one: Donate your hair, breast milk, or even plasma for a profit. According to Grifols, if you're healthy and weigh above 110 pounds, you can earn up to $200 a month donating your plasma to life-saving medicine. 

Photo via Getty

Sign up to participate in medical tests and clinical trials. 

Universities constantly need volunteers to test new medicines and treatments -- and because the pool of willing participants is limited, there is typically a large compensation for being a guinea pig. 

Photo via Getty

Participate in a focus group

Companies and organizations will pay you to join a focus group. These can be conducted in person, online, or via phone. You will most likely be reimbursed in cash or gift cards -- plus, you often get to test out fun new products! 

Photo via Getty

Take online surveys

Similar to focus groups, you can get paid to give your time and insights on an online questionairre. Plus, you can do this from the comfort of your couch. 

Photo via Getty

Bank on your sperm

Although we don't necessarily recommend this option, there is a very high demand for healthy sperm donors. Keep in mind some of the obvious drawbacks, but sperm donation is non-invasive and highly compensated. 

Photo via Getty

Crowdfund your dreams

Crowdfunding allows you to raise monetary contributions from a large group of people who want to support your venture. Post your project or idea on a crowdfund site, like, and see the cash pile up.

Photo via Getty

Become a tutor

If you're qualified, post an ad online or on a community board to tutor children on their school courses or for the upcoming SATs.

Photo via Getty

Get a part-time job

Capitalize your free time (on the weekends or after work hours) by working a part-time job. A bartender, waiter, or Uber driver are all great options for an additional source of income -- and great tips! 

Photo via Getty

Resell tickets

Take this suggestion at your own risk: If you're staying within legal limits, buy tickets low and sell high as an effective way to source additional money. (Just make sure to check your state and local laws first!)

Photo via Getty

You can sell anything on the internet these days... including your companionship! Get paid to go on a platonic outing for a few hours and enjoy your afternoon with a new friend. 

Photo via Getty

Rent out your parking spot

Make sure to check with your landlord first, but if you have the option to park your own car further away, lend or share your parking space or driveway for the hour, day, or even month! 

Photo via Getty

Keep a coin jar 

This one takes patience before a big pay out, but keep a spare jar or drawer for loose change that you usually toss anyway. It will keep it all in one place -- and those quarters do add up! 

Photo via Getty

Make something to sell 

If you have a knack for arts & crafts, create jewelry or other handmade gifts to sell on sites filled with other thrifty vendors like Etsy

Photo via Getty

Sell items online

This effective strategy requires low effort with a high return. Post photos of your used or non-used items on sites like eBay or Craigslist, and let the bidding begin! 

Photo via Getty

Have a yard sale

Sell clutter you've been meaning to get rid of right in your front yard. This simple tactic is convenient, and guarantees a wad of cash right to your pocket.  

Photo via Getty

Return past purchases

This tip may seem obvious, but is often overlooked: Take your recently-purchased items that are laying around back to the store for either store credit or a full refund. 

Recycle scrap metal and cans

Collect cans and scrap metal out your own garbage, basement, and street and bring to your local recycler to exchange your findings for money.  

Photo via Getty


More from
Citi Double Cash Card: Review
The Best Low-Interest Credit Cards in America
How to Pay Off Credit Card Debt

This article originally appeared on

Read Full Story