We all want the convenience that a credit card offers; pay bills by phone, shop online, book hotels from the comfort of your room, pay where personal checks are not accepted, and all the other benefits. However, these provided conveniences have often blinded people to the serious dangers of using credit cards. The worst of these is the illusion that is often created. Most people forget that they don’t really own the money they spend. This realization always comes when people are faced with the reality of paying off the huge debts they have accumulated through the irresponsible use of credit cards.

This is often the starting point for the many benefits of a debit card. Debit cards can instill a financial discipline that credit cards, in most cases, destroy. With a debit card, all your purchases and spending are deducted directly from your checking account. Therefore, your expenses are always limited to what the money in your checking account can cover. If you don’t get it; The main advantage of this arrangement is that you don’t get hung up on purchases or other financial decisions you’ve made in the past. You might go broke after a spree of wild spending, but you’re not expected to pay off the neck-breaking debts and interest months after making that mistake.

In essence, debit cards give you all the conveniences that come with a credit card. You can use your debit card anywhere a credit card is accepted, with very reasonable fees, no fees in most cases, and no interest to worry about months later. Debit cards also have some drawbacks, though, like you could go broke after spending spree and the fact that a debit card can’t rebuild your credit if you already have bad credit. Therefore, in the end, you still have to compare the benefits and choose the most suitable option for your condition and habits. But if you’re really worried about spending money you don’t have, or if you’ve been really irresponsible with a credit card, debit cards may be the best option.