Mika
VIP Contributor
When you are using a credit card, you are using a bank’s money and you tend to temporarily believe that it is free money; therefore you cannot control your spending. When you use a credit card you are basically spending money on things that you may not actually need it. However, my notion completely changed when I read Frank Abagnale, while he is not the best person to get advice from (due to his criminal record), his thoughts on debit card and credit card is very true.
The difference between a debit card and a credit card is the difference between using your money vs using their money. Why should you use your own money when you can use their money for absolutely no cost? Why should you spend your money when you can use it in the money market, stock market, and other investment areas. By using a credit card, you will also improve your credit score, which can help you in many ways.
The difference between a debit card and a credit card is the difference between using your money vs using their money. Why should you use your own money when you can use their money for absolutely no cost? Why should you spend your money when you can use it in the money market, stock market, and other investment areas. By using a credit card, you will also improve your credit score, which can help you in many ways.
