Although using credit cards may be convenient and easy, in the long run, they can ruin your finances. If you have a credit card, chances are you spend more. Because there is no emotional attachment to using a credit card (as opposed to using cash, which you can feel leaving your hands), you are likely to spend up to 18% more.
According to the American Bankers’ Association, the average family carries $8,000 in credit card debt. The safest way to avoid racking up this much debt is to not use credit cards. Though you may pay your bills on time, the credit card companies will always turn a profit.
If you’re still unsure about carrying cash, or want a convenient method of payment, use a debit card. Though paying with cash is the surest way to save money, using a debit card when traveling or short on cash can be just as convenient and easy as using a credit card.