When an automatic debit is set up it is essential to choose a debit date when adequate funds are available in the bank account every month.
When you use debit or credit, you can keep an electronic record of your purchases, allowing you to easily track your spending, see where your money goes, and even stick to a budget. You can also hook both cards up to an app like LearnVest or Mint and have all of your transactions categorized, sorted, and plugged into your budget. Making it easy to figure out how much you’re spending is one of the best money habits you can adopt.
Which should you use? It depends.
The smartest method of payment to use at any given time depends on two things: your situation and your psychology.