Credit card vs cheques.Which one is the best and why?

Question

Add the advantages and disadvantages for both credit card and cheques.

Answer 1

There's a lot to be said for credit cards - easier to carry around than a checkbook - as long as you pay off the balance when you receive your statement. Otherwise you pay high interest, which is the big downside of credit cards. The other problem with credit cards if you're not self-disciplined is that you can run up bills you can't pay - it makes it easier to buy things. The advantage of checks is that they force you to live within your means - if you don't have the money in your account, you don't buy the item.

Answer 2

There's a study out that suggests that people who use credit cards tend to spend 15 - 20 percent more than they intended to.

Checks force you to live within you mean. You have to act your wage which means no debt.

Credit cards charge you interest if you don't pay them off. People tend to spend more. The average person has 35,000 dollars in credit card debt. People who use checks have no debt.