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Do you really need your credit card?

In the midst of the current economic slowdown we should all be taking a closer look at our finances and seeing where we can cut back, where we can make adjustments to give us that little bit more room and save some money. One question we should possibly be asking ourselves is, do we really need a credit card for everyday use?

If as so many of us seem to suggest, we will be paying back the full amount at the end of the month, why do we simply not use our bank debits cards and save on any possible financial penalties?

When you actually ask the question of yourself it does make you think, if you use your credit card on a daily basis, why can't you use your debit card instead. Obviously there will be times when a credit card might come in very useful if you are short of funds and unable to get home, or some other form of emergency, but why do we always seem to choose the credit card over the debit card when we go to pay?

Even the best of us will have been caught by the higher than average credit card interest charges at some point in out lives, but on the surface this looks as though this is something which we could actually avoid!

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