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Question: What saves you more money?

CaroKim Consulting, LLC

 A. Credit Card

B. Debit Card

C. Cash

It depends on what I’m trying to achieve, the type & place of purchase:

▶️ Credit card – I use this all the time for daily & recurring bill’s. In order to build my credit score. If a transaction seems fishy, it’s easier to dispute & get a refund. However if saving money is what you want to achieve, credit card might not be the best option because you pay interest. Also if you don’t pay on time, keep off!

⏩ Debit card – A debit card is safer but I rarely use it unless, seller clearly states debit only. I also use debit if a transaction is large, possibly might exceed my credit card usage by 30%, in order to avoid dropping my credit score & paying more interest rates on the card.

⏭ Cash I always have a reasonable amount of cash in my wallet for mostly pre-tax transactions – nail & hair shops, repair & alteration services, quick sales, to make it rain in the club, tailgating & of course for tips & gifts. If budging is your goal & you want to keep track of every cent, use debit or credit.

Link your bank & cards to MINT.com it will be your best friend.

Me: B

#credit #debit #cash #save #budget #moneyCash, Credit Debit.PNG

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Published by CaroKim Consulting, LLC

A certified and seasoned accountant, who can lift your tax, bookkeeping and payroll financial stress. You earned it, I can help you legally keep it. CaroKim Consulting provides individuals and small businesses with tax, bookkeeping and payroll accounting services. CPAs and Tax Accountants working at CkC aim at Lifting Your Financial Stress by; e-filing tax returns timely, accurately and confidentially. Providing clients with insightful financial recommendations, to ensure they lower their tax liability as low as legally possible. Caroline Kimani has a CPA, masters in accounting and over eight years of tax experience. She has previously worked with the IRS Volunteer Income Tax Assistant program, Koch Industries - multi-billion dollar private company, CPA firms, RaceTrac Petroleum and currently works for at a multi-national publicly traded company. Lifting Your Financial Stress

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