Why I Went From Credit to Debit

©Getty Images

©Getty Images

I have a startling confession to make. Up until recently, I was a heavy credit card user, and it wasn’t an OVB credit card.  Boo! Hiss! Snarl! That’s the sound of certain members of my OVB family coming to take me out. The fact is, I received a credit card from an unnamed national credit card company prior to my employment with Ohio Valley Bank and just never switched over.  I was receiving 1% cash back, I was able to pay for everything a month later (more on why that’s a negative below), and I had just gotten in the habit of using it.

Recently, however, I made the jump from a national credit card to a local debit card.  Why? Well I’ll tell you!

Budgeting

It’s easier for me to budget when the money comes out of my account right away. Sure for the first month of paying with a credit card it might be easier to pay a month later, but after a point it really isn’t any different from paying now.

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