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Monday, January 26, 2009

Use Debit Cards

By Paul J. Easton

Have you ever been advised to choose using a debit card instead of your credit card? In this time of economic meltdown, your debit card might be a choice when it is time to cut up those credit cards.

Your bank ATM card, if with the Visa or MasterCard logo, is a debit card. By using debit cards as the substitute of your credit cards, you will not be anticipating for bills that have to be paid at the end of each month. You might not earn points with your purchases but you will not be tempted to spend more. This is because you can only use your debit card if you have enough money in your account for the purchase.

Debit means to subtract. So the purpose of your debit card is to subtract money from your bank account each time you use it. Debit cards have several advantages like the credit cards. You can use it as an ATM card to withdraw cash from your bank account. It is convenient and accepted almost anywhere. And most importantly, debit cards will likely reduce your spending spree.

By choosing a debit card, you don't have to be concerned about making regular payment with your credit card. It eliminates the interest rates and your late penalties in case you forget making a payment on a due date. For now, a debit card will likely replace your credit cards.

So get your credit cards from your wallet and cut it up. By doing this, you will have no choice but to stop using all your credit cards starting today. This is very vital for now for you not to get deeper in trouble.

By deciding to live off of the income you bring home, you show some commitment to temporarily sacrifice towards being debt-free in the future. Rather than depending on the credit cards that were previously residing in your wallet, you make the solid move of getting the temptation away. Be debt-free now with these tips on how to get rid of debt here.

This is a very critical time in your life. Fighting that credit card debt is only effective if you cut off all the unnecessary distractions. By ditching the credit cards off, you make yourself relieved of the lure of getting back in the habit of spending more than your financial capacity. By using your debit card and working hard enough to pay the bills on time, you will definitely be in good financial shape in the future. Thanks to your debit card, the credit card substitute saved your financial life.

For information on how to get rid of debt, go to http://www.Howtogetridofdebt.net/ by Paul J. Easton.

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