Money does matter, but knowing how to choose methods of payment matters a lot too.
When you use cash, check or credit really should depend on circumstance. Not knowing when to use which can land you in a lot of financial trouble – in fact, Americans have so far racked up over 47 billion dollars worth of debt, and that number is not going to abate any time soon.
Here’s an infographic that shows you the pros and cons of using each method of payment. Arming yourself with this kind of knowledge can spell the difference between being financially secure… or utterly money poor.
[Infographic from Speedy Cash Check Cashing Store]