Importance of saving money and controlling expenses

Want to know how to control your expenses and secure your future? While a dedicated savings account remains the cornerstone of financial security, optimising your daily spending can unlock immense potential. This is where your debit card can be really helpful to you.

Let’s understand the benefits of having a debit card and how it can help you save money.

Importance of saving money and controlling expenses
 

With prices rising on necessities like food and gas, it’s more important than ever to look for ways to spend less and know the importance of saving more money. Small changes can make a big difference over time.

Being mindful of where your money goes is the first step. Start by using the right debit card, which optimises the impact of your spending and makes saving simpler.

Overview of debit card benefits
 

Saving money takes discipline, but the right debit card can provide helpful tools to support your goals. Consider these common debit card benefits -

• Rewards programs - Many debit cards offer cashback, points, or other rewards based on your spending. Look for rewards relevant to your habits, like cashback on gas or groceries. The IDFC FIRST Bank Debit Card offers discounts on popular platforms such as Swiggy Instamart, Yatra, Zomato, and a plethora of lifestyle offers on other popular brands on card transactions.
• Introductory offers - Watch for bonuses, discounts, or cashback during the first months of getting a new debit card. This extra incentive can give your savings a healthy start. IDFC FIRST Debit card offers ₹ 500 worth of reward points on your first transaction of more than ₹ 1000.
• Fee waivers - Choose a debit card with no monthly fees, foreign transaction fees, etc. Zero fee is an easy way to hang onto more of your hard-earned money.

Ways to boost savings with debit cards
 

Here are a few ways to boost savings with your debit card -

• Maximise savings and enjoy premium perks - Less spending truly does mean more savings. If you find yourself overspending, setting a monthly limit on your debit card can be a lifesaver. This simple step will prevent you from exceeding your budget and help you steadily accumulate more savings. Plus, it offers extra security by limiting potential losses from fraud or other transactional risks.
• More than just a payment tool - Banks understand that customers have unique needs, which is why they offer several types of debit cards. Explore your bank's options to find one that aligns with your lifestyle and helps you maximise savings potential.

Several debit cards by IDFC FIRST Bank allows you to enjoy complimentary lounge access, exceptional insurance benefits, and premium lifestyle perks. Also, unlock exciting discounts and rewards as you shop, dine, and pay bills.

• Smart spending - Debit card could be your key to amazing rewards! Look for cards that earn rewards, offer exclusive discounts, and even get your annual debit card fees waived. IDFC FIRST Bank's premium cards come loaded with special deals on platforms like -
• Oven Story - Get 50% off up to ₹ 125 on orders above ₹ 249
• EatSure - Get 30% Off on orders above ₹ 249 at EatSure
• Ferns N Petals - Flat 20% off on a minimum transaction of ₹ 999 on online store
• Daily Objects - Up to 50% off and additional 30% off
• Fastrack - Get flat 10% off

Also read - Unlocking the potential of the best debit cards in India

Small steps, big leaps
 

With the ability to set spending limits, earn rewards, and access insurance protections, today's debit cards teach you how to control your expenses with ease. Understanding the benefits of debit cards and opting for debit cards that align with your lifestyle and goals, such as the tailored offerings from IDFC FIRST Bank, can pave the way towards achieving your dreams.

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.