4 ms·
This is what I do as well. Monthly bills are all direct debit, but almost all other spending goes on my credit card, and, without exception, I paying it off com
by GordonS 5y ago
This is what I do as well. Monthly bills are all direct debit, but almost all other spending goes on my credit card, and, without exception, I paying it off completely at the end of the month. I've done this for decades, and never paid a penny in interest - the key is to not spend money you don't have.
I get some small amount of Amazon vouchers every month for doing this (£10/m or something like that), but really I do this for the fraud and chargeback protection.
I feel like this works well for us, but you have to be able to budget - if you're not capable of budgeting or find credit too alluring, then you're better off using a debit card.
- simonbarker87 5y agoGlad it works for you, we are very good at budgeting but i find u less you put 100% of the “cash” like spending on the credit card it falls apart as you can double spend without realising and when we tried it for a few months I hated paying for August’s groceries in mid October - it just felt weird to me, far easier just to have a set XX amount in a current account each month and spend it down to 0 through the month on the cash transactions etc.