If given a choice by your credit union (avoid for-profit-banks, go with credit unions), choose a fee free credit card over a debit card. Debit cards draw directly from your money, and if pilfered can wipe you out; whereas, credit cards you are usually limited to a $50 loss if reported right away.
Credit cards also cover you in case you have a dispute...We were able to avoid a several thousand dollar loss on a trip when the cruise line went bankrupt right after 9/11. Had we paid by debit card, it would have been our loss. Thanks, American Express !
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I've always used my credit cards like debit cards. If I don't have the money, I don't charge it. Credit cards have other benefits such as cash back and extra protection, but they don't have to be used to rack up debt. Doing this has kept me free of credit card debt.
I use cash instead of debit cards or credit cards. When I go shopping for a specific item I decide what my budget is and use cash. I know in the end the cc or debit card $$ are coming from the same place, but handing over the cash makes me think about every purchase.
I have no credit cards, one debit card. when we shop we use cash only. We pay bills with money orders. If we do need to use the debit card we figure out how much we need in that account and only deposit enough to cover that item. We keep the balance low, so we are not tempted to spend to much.
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