If you are concerned that your spending habits have gotten out of control, you are probably tempted to tear up your credit cards and pay for everything with cash. However, credit card use is an important way of doing business in modern times. It can be difficult to purchase an airline ticket, rent a car or book a hotel room if you do not have a credit card to use in these transactions. Retaining at least one credit card is a good idea if you are trying to curb your spending.
Many consumers have limits on their cards that will not allow them to spend over a certain amount. This can be very helpful to those who are trying to find a solution to their spending problem. Another option is to use a debit card rather than a credit card. Debit cards can be used at any merchants that accept credit cards, and they are easy for most consumers to obtain. For instance, a person with bad credit may not be able to get a credit card but will have little problem getting approved for a debit card.