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Should you use a debit or credit card for holiday shopping?
In this article,we will review who should use which.
That way, you spend what you would normally spend, earn points and pay no interest.
You dont want a rude awakening when your credit card bill arrives in January.
Which Payment Method Should You Use for Holiday Gifts?
Consider Using Cash
Howard Dvorkin, a CPA and chairman ofDebt.com, suggested that you use neither.
Go to an ATM and withdraw cold, hard cash.
Use that instead, he elaborated.
The reason is simple: Its really, really hard to hand over cash.
Youll spend much less if you have to hand over multiple bills instead of a single piece of plastic.
Assess Your Financial Situation
Theres no one-size-fits-all solution when it comes to personal finance.
While this may not be arealistic payment methodfor everyone, there are some who feel comfortable with it.
Joseph concluded, Holiday shopping should always start with a budget.
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