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User Topic: Cash, Credit, Debit?
Dark Inertia
Member # 30727
Default  Posted: 1:27 PM, August 5th (Monday)

Do you use cash, credit or debit on a regular basis? I am a credit person myself, balance is paid in full every month. I have been doing it this way for the last 5 years, or so. I do it mostly for the rewards, but also because I hate constantly having to update my register with all these mundane purchases. Plus, it helps give me a good idea of what I am spending, and how much. All of my friends use debit, though. They all say the same thing: cash burns a hole in their pocket and credit cards are evil.

What do you usually use?

[This message edited by Dark Inertia at 1:29 PM, August 5th (Monday)]

"If I listened earlier, I wouldn't be here. But that's just the trouble with me. I give myself very good advice, but I very seldom follow it."

Posts: 1282 | Registered: Jan 2011 | From: The Ohio
Member # 30817
Default  Posted: 1:31 PM, August 5th (Monday)

Cash and debit only. No credit. Very, very few people can use credit effectively. All the rewards and whatnots are just hooks to get you in. It's great you can do it! We have had trouble with credit earlier in our marriage and when we went debt free we changed our ways. We still use a zero base budget and pay cash for things. Once we went to cash, it dramatically decreased our spending. It is very easy to swipe a card, but when you see $27 in the grocery envelope and it's only the 20th of the month, it really brings it home!

Him WH
2 ddays in '07
"The cure for the pain, is the pain." -Rumi

Posts: 6549 | Registered: Jan 2011
Member # 24849
Default  Posted: 1:41 PM, August 5th (Monday)

ditto what Rebreather said. No credit, just debit & cash. In fact, personally, I find I'm more responsible when I'm dealing with cash only. I see that money leaving my hands with each transaction - makes it easier to control my spending. I did cash only in NOLA - not even debit. It definitely helped.

FWW - 41
"Don't think first about the risks of speaking up. Think first about the risks of not speaking up." ~ Kerry Patterson

Posts: 5977 | Registered: Jul 2009 | From: So Cal.....
Member # 25560
Default  Posted: 2:06 PM, August 5th (Monday)

We charge almost everything on two cards that give high rewards and pay it off each month. I use to keep track of where the $ goes. The exception is one debit card, that's linked to a high yield saving acct (2%) if used 10x a month. SAfWH uses that for his junk food and lunch purchases.

Damn autocorrect is responsible for the silly errors, sorry!

Posts: 3663 | Registered: Sep 2009 | From: In my head
Member # 32810
Default  Posted: 2:56 PM, August 5th (Monday)

Credit for 95%; cash for the rest (mostly just the farmer's market ). Never debit, because my credit card is way safer in cases of fraud.

I too pay it off 100% every month, generally the same day the statement comes. I've never carried a balance.

I don't think credit is a good choice for everyone though. You have to be disciplined and self aware.

I personally burn through cash because once it's out of the ATM, it's already "gone" in my mind.

"You yourself deserve your love and affection as much as anybody in the universe." -Buddha
"Let's face it, life is a crap shoot." -Sad in AZ

Posts: 13801 | Registered: Jul 2011
Member # 18449
Default  Posted: 3:03 PM, August 5th (Monday)

Cash & debit.

Posts: 11750 | Registered: Mar 2008
Member # 32616
Default  Posted: 3:19 PM, August 5th (Monday)

I prefer to use credit for every day purchases. Cash has a way of disappearing and most of my auto-drafts go through checking so I'd rather not risk compromising that account.

Happiness cannot be pursued; it must ensue. ― Viktor E. Frankl, Man's Search for Meaning

Posts: 3454 | Registered: Jun 2011 | From: The Valley of the Sun
Member # 26928
Default  Posted: 3:36 PM, August 5th (Monday)

Cash and debit.

Me - 42
SorryInSac (WH#2) - 47. DDay 7/12/14
Married 4, together 7yrs total
Status - Stick a fork in me...

DD(21), DS(18, PDD-NOS)
6 Furkids - 4 dogs, 2 cats

WXH (serial cheater, 12+ OW) - Legally married 18yrs

I edit often for clarity.

Posts: 6535 | Registered: Dec 2009 | From: California
Member # 99
Default  Posted: 3:53 PM, August 5th (Monday)

Debit in stores almost exclusively, then small items like fast food are cash.

I use credit for online purchases, but pay balance in full every month.

"Anyone perfect must be lying; anything easy has its cost. Anyone plain can be lovely; anyone loved can be lost." Barenaked Ladies

Posts: 2482 | Registered: Jun 2002 | From: North Carolina
Member # 31240
Default  Posted: 3:55 PM, August 5th (Monday)

Cash and mainly credit. I get paid only after I've worked, and credit let's me pay after I get paid.

Debit puts me at too much risk; I do not have a debit card.

fBH (me) - 70 (22 in my head), fWW (plainsong) - 65+, Married 45+, together since 1965
DDay - 12/2010
Recovered, not yet fully R'ed
I share my own experience because it's the only experience I know, not because I'm a good model.

Posts: 10378 | Registered: Feb 2011 | From: Chicago area
Member # 34262
Default  Posted: 3:58 PM, August 5th (Monday)

Credit for about 80% paid off in full each month. I use the reward gift certificates as presents. I only use checks for the mortgage and lawn guy. Cash for smaller purchases.

Me: BS 45
Her: fWS 48 (same sex partner)
Together: 18 years now (both MDs)
OW: meh so what 40s PhD
DD1: 10/30/11EA; DD2: 11/10/11 Had ONS; TT until 12/26/11; broke NC 6/12; NC again 7/12; R-ish

Posts: 2242 | Registered: Dec 2011 | From: Great Southwest
Member # 20150
Default  Posted: 4:00 PM, August 5th (Monday)

Credit for 95%; cash for the rest (mostly just the farmer's market)

This ^^^. Paid in full every month and I'm on my way to racking up enough points for three business-class flights overseas....

After being house-poor and constantly into the line of credit for renovations before selling the House of Pain, I never want to go there again.

I track every penny in Excel including cash outlays which I write down on a note carried in my wallet.

[This message edited by FaithFool at 4:00 PM, August 5th (Monday)]

DDay: June 15, 2008
Mistakenly married Mr. Superfreak
20 years of OWs, WTF?
Divorced Dec 26, 2011
"Life is a shipwreck, but we must not forget
to sing in the lifeboats". -- Voltaire

Posts: 17535 | Registered: Jul 2008 | From: Canada
Member # 36072
Default  Posted: 4:03 PM, August 5th (Monday)

I use debit. I'm thinking about switching to credit though, because I want to start earning miles. We're pretty financially responsible, so I think it would be okay. I just haven't gotten around to it yet.

Me: BS
D-Day: 7/7/12

Trust is like paper. Once it's crumpled it can never be perfect again.

Posts: 1171 | Registered: Jul 2012
Member # 15300
Default  Posted: 4:04 PM, August 5th (Monday)

I only use my credit cards for things I order over the internet, e.g. airline tickets, show tickets. I use debit for almost everything else, though I usually have some cash in my purse because I have had occasions where I was stuck and no one took debit or credit.

Age: 64..ummmmmmm,, hell born in 1947. You figure it out!

"I could have missed the pain, but I would have had to miss the dance." Garth Brooks

Posts: 7284 | Registered: Jul 2007 | From: Toronto, Canada
Member # 16953
Default  Posted: 4:22 PM, August 5th (Monday)

Revolving CC debt was a big sticking point in my D. My XWW had run up tens of thousands behind my back over the years. So revolving CC debt is a sore spot for me. I have a Visa card for emergencies that if I use I pay back ASAP. But its all cash and debit aside from that. I do use cash a lot for services as I can negotiate a better rate from a provider in most scenarios. And during the renovation of my mountain home that approach has saved me thousands.

You cant eat soup with chopsticks.

Posts: 5730 | Registered: Nov 2007
Member # 26970
Default  Posted: 4:44 PM, August 5th (Monday) card for most purchases.. cash back % for total year gets me $250.++ back on December billing!

secret is paying full balance every month= NO INTEREST charges!!! reserved for very small purchses and 'garage sales'.. cards are evil if you don't pay them fully, interest is insane.. 21% is NUTS!!! thrift stores saves huge dollars too..


trust no other human- love only your pets
She isn't and never was who I thought..I can't believe who I married and what she did to us.
Me 67
Her 63
Married 42 yrs (together 47)
18 yr LTA with bf

Posts: 4129 | Registered: Dec 2009 | From: the sad state of affairs
Member # 33698
Default  Posted: 4:45 PM, August 5th (Monday)

Mostly credit; I pay it off in full every month and get decent rewards. I also use cash mostly in instances when they don't take credit.

I only use my debit card at the ATM for cash.

BS (Me) 39
Happily liberated!
Two DS and One DD
It matters not how strait the gate,/How charged with punishments the scroll./I am the master of my fate:/I am the captain of my soul.--"Invictus," William Ernest Henley

Posts: 3620 | Registered: Oct 2011
Dark Inertia
Member # 30727
Default  Posted: 5:21 PM, August 5th (Monday)

Revolving CC debt was a big sticking point in my D.....

I was also traumatized by my ex's use of credit cards and carrying a balance. We just did not see eye to eye when it came to money. He had a saying: "What is the point of saving if you are not going to spend it?" that use to drive me up the wall. After we divorced I said "never again" and it never has happened again. I am lucky in that I also ended up with someone who shares my views about not carrying a balance and not spending more than necessary. Another stickler for me are credit card cash advances. I don't have a pin number for my credit card and I have opted out of those very annoying checks. With cash advances there is no way to avoid the interest.

[This message edited by Dark Inertia at 5:23 PM, August 5th (Monday)]

"If I listened earlier, I wouldn't be here. But that's just the trouble with me. I give myself very good advice, but I very seldom follow it."

Posts: 1282 | Registered: Jan 2011 | From: The Ohio
Member # 26531
Default  Posted: 7:34 PM, August 5th (Monday)

Debit for day to day stuff.

Credit card for internet purchases.

Cash at the farmer's market. Very rarely for anything else.

Me: BSO - 46
Him: FWSO - 69
DS - 13
D-Day - 12-11-09,
R - he finally came home
Your life is an Occasion. Rise to it. - Mr. Magorium, "Mr. Magorium's Wonder Emporium"

Posts: 24596 | Registered: Dec 2009 | From: Florida
Member # 11061
Default  Posted: 7:50 PM, August 5th (Monday)

Mostly cash, some debit and next to no credit.

I was exclusively debit for a long time. With the start of the new year, I started the envelope method of budgeting and using exclusively cash (well, mostly cash. I don't stick to my budget as well when I'm on vacation ). Using that method has saved me nearly $2000 since January.

Me (BS): 35


Posts: 1456 | Registered: Jun 2006 | From: a little bit of everywhere
Member # 20334
Default  Posted: 9:12 PM, August 5th (Monday)

Cash at small businesses.

Then debit for gas and other smaller purchases. Grocery shopping is sometimes cash and sometimes debit.

Credit card for all online purchases and larger purchases.

When one door closes, another door opens. It's the journey through the hallway that sucks.

Posts: 3777 | Registered: Jul 2008 | From: PA
Member # 26071
Default  Posted: 9:51 PM, August 5th (Monday)

Almost entirely credit -- used to use a mix of credit and debit but my new post-D card gives me very useful points at an online store I spent way too much on, so I have switched to using it and paying off the balance every month. The rewards points pay for my books for school and more, and since I pay it off before interest it doesn't cost me anything to use it. I do keep some small cash amounts around for small purchases.

D-Day: 6/5/09, drunken ONS on business trip, confessed immediately, transparent, remorseful but emotionally clueless
M 11 years, 3 kids
4/12 Tried to R for 3 years, have decided to D
12/31/12 D final

Posts: 542 | Registered: Nov 2009 | From: PacNW
Member # 39902
Default  Posted: 10:49 PM, August 5th (Monday)

Cash & debit mostly... I don't keep track of credit card purchases as muck as I should.... Even though I always pay my card off in full when I do use it ..

Posts: 84 | Registered: Jul 2013
Member # 1298
Default  Posted: 12:10 AM, August 6th (Tuesday)

Cash and debit. Credit cards only if traveling. We budget for EVERYTHING.

We just bought a brand new car with CASH. Yep we saved until we had the money to buy it.

No car loan for me!

Me BS 55, WS 55

Posts: 4059 | Registered: Mar 2003 | From: California
Member # 31094
Default  Posted: 7:28 AM, August 6th (Tuesday)

Cash and debit.

I got in trouble with credit when I was 19...I'm 37 and am STILL trying to build my credit back up. I just got 2 of my cards paid off..have 2 more to go.

IF I ever use credit again it will be for emergencies. Like unexpected car repairs.

Posts: 3419 | Registered: Feb 2011 | From: NWPA
Topic Posts: 25