Comments on: Credit Cards vs. Debit Cards – A Different Take http://outofyourrut.com/credit-cards-vs-debit-cards-a-different-take/ Making more money...Saving more money Thu, 17 May 2012 06:42:29 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: John D. Buerger, CFP® http://outofyourrut.com/credit-cards-vs-debit-cards-a-different-take/#comment-7097 John D. Buerger, CFP® Fri, 09 Apr 2010 16:31:07 +0000 http://outofyourrut.com/blog/?p=498#comment-7097 I have never been a fan of a "put all your eggs in one basket" philosophy ... so I believe there is a place for both credit cards and debit cards. You make a lot of good points in this piece. What is most important to me is that people actually understand the details of how each instrument works (including merchant fees, annual fees, swipe fees, etc.) Also EVERYBODY needs to accept this reality - whether you pay cash, or with a debit card, or with a credit care ... YOU ARE SPENDING YOUR MONEY. It may feel like your just waving your magic plastic wand (card) and making something you want appear in your life. In reality, you are consuming something with money you received in return for value you either provided to others or are obliged to provide in the future - and I do believe that debt is financial slavery. If you don't have the money right now in an account somewhere or in your wallet, you can't afford the purchase. It .-= John D. Buerger, CFP®´s last blog ..<a href="http://www.richandfulfilling.com/index.php?option=com_content&view=article&id=217:moneymatterspresentation&catid=13:blog&Itemid=69" rel="nofollow">Money Matters</a> =-. I have never been a fan of a “put all your eggs in one basket” philosophy … so I believe there is a place for both credit cards and debit cards. You make a lot of good points in this piece. What is most important to me is that people actually understand the details of how each instrument works (including merchant fees, annual fees, swipe fees, etc.)

Also EVERYBODY needs to accept this reality – whether you pay cash, or with a debit card, or with a credit care … YOU ARE SPENDING YOUR MONEY. It may feel like your just waving your magic plastic wand (card) and making something you want appear in your life. In reality, you are consuming something with money you received in return for value you either provided to others or are obliged to provide in the future – and I do believe that debt is financial slavery.

If you don’t have the money right now in an account somewhere or in your wallet, you can’t afford the purchase. It
.-= John D. Buerger, CFP®´s last blog ..Money Matters =-.

]]> By: The Bible on Business (and Money): « "It's Elementary, My Dear Watson!" http://outofyourrut.com/credit-cards-vs-debit-cards-a-different-take/#comment-3775 The Bible on Business (and Money): « "It's Elementary, My Dear Watson!" Mon, 04 Jan 2010 18:12:29 +0000 http://outofyourrut.com/blog/?p=498#comment-3775 [...] - Credit Cards vs. Debit Cards – A Different Take [...] [...] – Credit Cards vs. Debit Cards – A Different Take [...]

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