The New Money Rules: Tips to Hook Up Your Finances
Credit vs. Debit
In the past, the advice was to use your debit card as a means of controlling your spending...
In the past, the advice was to use your debit card as a means of controlling your spending. Now, experts say that unlike credit cards, debit cards offer no consumer protection on purchases and if you spend more than what’s currently available in your account, you’re actually accruing more interest than what you’d pay with your credit card.
QUICKTIP: Use your credit card to pay for everything and pay off your balance promptly each month or stick with just paying in cash.