On Mon, 28 Sep 2009 19:08:02 -0500, Michel Boucher
> wrote:

>"Kswck" > wrote in
:
>
>> When I first heard about debit cards, I thought they were stupid. Why
>> would anyone use one when you can get a 20 day grace period before
>> paying with a credit card?
>>
>> Then I learned that a debit card is great for those who have credit
>> card problems and want to limit spending to only that which they can
>> afford at the time-and they don't figure, 'well I can always pay it
>> later' only to find that they cannot.
>
>I have two debit cards and two credit cards, and I use debit whenever I
>can. I also have two lines of credit, connected to both debit cards, which
>I clear off every month, unless I'm carrying a large amount, like this
>month's car repair which I put on a credit card and will transfer to my
>line of credit. It will take a while to pay off.
>
>A debit card is cash. And you rarely need to carry much cash with a debit
>card.

If only folks paid themselves first... they'd never need a "line of
credit"... you say line of credit like you are some kind of wealthy
banker... didn't anyone ever teach you that paying interest on mundane
items like car repairs is plain stupid. Paying interest is almost as
stupid as paying rent for an abode, but not quite so low IQ as paying
rent/leasing for transportation.