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

submitted 1 year ago* (last edited 1 year ago) by Blaze@discuss.tchncs.de to c/personalfinance@lemmy.ml

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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

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[–] ares35@kbin.social 1 points 1 year ago (1 children)

what i have (which usually isn't much) is in my pocket. if i can't pay for it, it doesn't get bought (u.s.)

at the office (it's just two of us), it's different. we use cards for convenience, but we still don't spend what we don't have in the bank.

[–] sugar_in_your_tea@sh.itjust.works 1 points 1 year ago

I do the same, but with a credit card. I never allow my credit card balance to exceed my non-emergency fund cash, unless it's an emergency, in which case it can eat into my emergency fund reserves.

Essentially, I use it the same way I would a debit card, but it gets paid monthly instead of being pulled out instantly. I use a budgeting tool that pulls down transactions, so I always know my bank and credit balances.