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TopicBe careful with debit cards
LinkPizza
05/27/20 8:12:30 AM
#35:


Clench281 posted...
Blows my mind that people carry their debit card around with them daily, or use it for every-day purchases

Some people have to. Like if you don't have a credit card...

Clench281 posted...
If you avoid CCs because you lack impulse control, then you'll just blow through your entire checking account anyway, which is also a problem. Cut the problem off at its source and learn to control your spending

Not necessarily. With a debit card, you can see how much you have. And that can cause you not to spend just because you know you'll need it to live. Where with a credit card, you might say, "It's ok. I have more to use." And might spend more than what you have. Not to mention interest if you can't pay it off in the right amount of time. So, it's understandable why some might avoid it.

And if they do lack self-control, debit would be better. You may spend all that you have. But you can spend much more with credit. Making it hard to pay them back, and gaining interest the whole time...
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