Make Sense of Your Money: 4/3/09

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When to Use Credit and When to Use Debit
by Katie McCaskey

Use Debit Cards When….

You Want to Buy Something Inexpensive or Consumable. 
It’s hot, you’re thirsty, and you want a soda. If you don’t have cash (first choice!), whip out your debit card. Some merchants have minimal purchase requirements before they will let you use a debit card. Do not put inexpensive purchases or consumable purchases on credit because you’ll end up paying much more for it over time.

You Want to Avoid Lingering Interest Charges.
The quick pain of $35+ might be worth it instead of adding to a growing credit card balance. (If making this choice is your dilemma, consider it a  Read More…