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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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[–] 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.