2. Means of Purchasing
When you want to acquire something, you may have several ways to make that happen. One is to just buy the item – pay cash for it and take it home. That may not always be practical because you want or need the item in a certain timeframe and may not have the cash to buy it.
Remember the value of “gently used,” “pre-owned,” “second-hand,” and “broken-in.” Thrift stores, consignment stores, and garage sales offer many opportunities to spend wisely at a fraction of the original cost and for you to sell the stuff you once thought you needed but now don’t want. Keep in mind how quickly things can move from the “need category” (I’ve got to have this) to the “garage sale category” (why did I ever buy this?) the next time you are about to spend.
A Word About Debit Cards
Debit cards feel a lot like credit cards, but when you use a debit card you're drawing money out of your checking account instead of borrowing money. Using a debit card can be a helpful tool to manage your money... but you'll want to be careful and remember that debit cards can carry fees and penalties. As with any financial tool, be sure to read the fine print!
Check out this Great Video from the New York Times about some of the pitfalls of using debit cards! (It may take a little while to load, but it's worth the wait!)