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Cash Vs. Credit Vs. Debit---Which Should You Use?

Cash Vs. Credit Vs. Debit---Which Should You Use?

https://www.moneyunder30.com/cash-vs-credit-vs-debit-which-should-you-use

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When you should use credit

When you should use credit

When you use credit cards responsibly, they can give you a lot of power. The best circumstances to use a credit card is:

  • When you're traveling, you'll get be...

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When you should use cash

  • When you have an emergency: Cash is accepted everywhere, so have some on hand. Dave Ramsey recommends having at least $1,000 in an emergency fund.
  • When you...

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When you should use debit

  • When you want to avoid getting into (more) debt: Since your debit card is connected to a checking account, you theoretically only spend what is available in your account.

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This interesting TV show made us realize that, unlike what some of us might think, write-offs have the role of lowering the amount of income that one is to be taxed on rather than returning the money one spent.

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Stress while managing your money

Everybody has been, at some point in their life, stressed over money. Fortunately, there are tips which one can find extremely useful in periods difficult to manage. 

For instance, w...

Keep track of your financial stressors

When facing money issues, you might find that a good solution is making a plan. 

This implies identifying your financial stressors as well as establishing ways to decrease your expenses.

Turn stress into opportunities

Whenever you find yourself in difficulties related to how to handle the stress that managing your money brings, try to not give in to addiction, but rather seek professional support or, even better, think outside the box and find new ways to turn the issues into opportunities in order to make necessary changes.

Know your audience

Know who you are speaking to. It will help you tailor the talk and will help keep the audience engaged.

Is the audience of your speech going to be mainly fellow psychol...

Keep it simple

"I imagine that I'm going to present to my grandmother, who had a fifth-grade education." Barry Schwartz, PhD

Remember that there also used to be a time when you didn't know the information you are delivering.

Give a talk that makes people feel like they're smart and like they want to learn more about the topic.

Emphasize connection over content

Talk to persuade, not just to inform.

Rattling off facts and figures and talking at the audience isn't effective if they aren't interested in what you are saying.

Be clear about what you want the audience to walk away with when they leave and use that intent as a structure to frame your talk.

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