MachIVshooter
Member
Depends on how you do it -- I use a credit card for internet purchases, but pay it all off each month. Never carry a balance on a credit card!!
I never said don't use a card, just said don't buy on credit.
Paying it off every billing cycle is still essentially paying cash, just in a way that helps build credit, or earn rewards. You'll never pay a dime in interest. Nothing wrong with putting purchases on plastic or taking advantage of things like 6 months same as cash credit lines, so long as you can pay it off before interest starts to accrue (especially those same as cash that hit you with all the back interest if you go past the deadline).
I just urge people to be very careful, as it seems a lot easier to pay those things off when you're figuring your monthly budget than when you're actually using your monthly budget. Most of us aren't very good at accounting for all the little $3 and $5 crap that adds up to hundreds of dollars. Buy an energy drink and a candy bar 4 days out of the week? That's probably $80-$100/month. I'm sure the grocery bill got tallied, but what about the dozen fast food stops at $9 a whack? There's another C-note. And so on.