Got in over my head with spending

[tater]

I almost never use a credit card, and instead use debit. OTOH, I always know how much is there—part of the beauty of debit cards is that assuming you don't use checks, you always have a current running balance with no work. Spend $100, balance drops $100.

I certainly see your point about money disappearing, however. Our bank has pretty good breakdowns of spending by payee, so we can look at a glance at food, entertainment, etc, and see how it goes on a monthly basis, and to whom.

Could be worse, when you are older you'll have to blow thousands on stuff like window replacement (me, tomorrow :/ ). Loads spent, and when done, it'll look exactly the same as it did before. Don't have anything to show

[ivank]

Originally Posted by tater

I almost never use a credit card, and instead use debit. OTOH, I always know how much is there—part of the beauty if debit cards is that assuming you don't use checks, you always have a current running balance with no work. Spend $100, balance drops $100.

I certainly see your point about money disappearing, however. Our bank has pretty good breakdowns of spending by payee, so we can look at a glance at food, entertainment, etc, and see how it goes on a monthly basis, and to whom.

My bank(Chase) = evil no break downs, just a spending list, i do have a rewards program, so my spending will give me something back!