Personal Finance

3819 readers

1 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 1 year ago

MODERATORS

[email protected]

Do you use a credit card? Why or why not? (discuss.tchncs.de)

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

76 comments fedilink hide all child comments

I know this might just reflect financial culture differences across countries, but let's give it a try

Edit: as a clarification, I meant credit card compared to debit, not to cash

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 3 points 1 year ago* (last edited 1 year ago)

Consider downloading some kind of checkbook ledger app. Anytime you get paid, re-balance it and make sure it's correct. Then, use it for EVERY purchase that isn't cash. Once you get into the habit of not needing to re-balance it, switch 100% of your purchases to credit card, and keep the habit up. When it comes time to pay your credit card bill, you will have the cash you need to pay it off, and you will also be building credit which will give you more purchasing power down the road.