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Debit Card Advantages

May 9th, 2009
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There is a useful alternative to credit cards that you might not be using yet. This is the debit card. Rather than having a revolving credit line, which can carry a balance from month to month, the debit card is directly linked to a checking, savings, or other account. That way, you are limited in your spend to the money that is actually within the account.

Many people are now using the debit card as a financial tool to keep their budgets in check. When spending money on a credit card, one might not be thinking about the amount of the monthly bill that will arrive later on. When spending money debit card, you must monitor the level of funds in your account and moderate your purchases accordingly.

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