Purchasing Power is USELESS without CONTROL

So you think you got a little bit extra to spend. You end up wanting to buy something that is a little out of budget. That’s when you use a credit card, because you figured that a little interest rate wouldn’t hurt right? Why not buy more? ‘Maxing’ on your spends is okay to a certain degree, since you want to put every dollar to good use. Please know that Overspending is always a loss! This holds true for overspending with your credit card. Of course there’s a limit, even with your credit card. Then again, as long as you have unsettled credit over petty items, your expenditure will always be at a deficit. According to disciplinary standards, overly using your credit cards, deficits and debts is just downright unhealthy for any individual. Making loans to make important investments like in a house or an apartment, to buy car, or even education loans are more worthwhile isn’t it? Then why ending up spending more just to settle your credit card bills with the bank when you got the mortgage and car loan payback to worry about?
That’s where the concept buying stuff we can buy (and for that matter we can afford) is facilitated with the wonders of the Debit Card. When you purchase items that you want well within your budget, you may end up saving more money! Who knows, next month or next year you end up being able to shop more! It used to be that only credit cards are empowered with the benefits of the MasterCard or Visa…not anymore. Imagine the exact same benefits of a MasterCard or a Visa card, except that this time you won’t have to worry about owing the bank! The dollar amount required will be deducted from the bank account linked to it. If your account reaches a minimum threshold, you only have to top up (make a deposit) in order to make further purchases. That easy! So, not only you’ll control the amount you spend is according to how much you have, it’s also safer when you have a debit card! Let’s say that it’s stolen, lost and what not and you haven’t made a report yet, by the time someone else uses it, he’ll only have access to a small amount that YOU have set (unless of course if you’re dumb enough to rely on only one debit card enabled bank account).