United States
YourMoneyCounts Home | About Us | Contact Us | Privacy
HSBC - The Worlds Local Bank
Search

Cash or Credit?

To determine whether to use cash or credit, take a look at your situation.

  1. Is the item a necessity?
    Yes No

  2. Do you have cash available to pay for it?
    Yes No

  3. Are you currently in debt?
    Yes No

  4. Is the interest on the purchase tax deductible?
    Yes No

  5. Can you afford to make payments if you borrow?
    Yes No

  6. Is the purchase difficult to transact with cash? (i.e., are you purchasing online, over the phone, etc?)
    Yes No

  7. Is the purchase significant (i.e., > $1,000)?
    Yes No

 

   

Consumer Resources

Tools and calculators
Glossary
Quizzes
Articles
Booklets
FAQs