Street Insight

Use That Debit Card!

 

I respect the fact that you were being conservative, careful and concerned about money when you used a personal check. But get that checkbook out of your purse. It takes up space. It's a dangerous key to your finances, and your entire identity, if your purse is stolen.

Using digits instead of paper checks is environmentally responsible. Your debit card will save millions of trees that would otherwise be made into paper checks -- and millions of gallons of gas that would be used to transport those checks from merchant to bank to clearing center and back to your bank.

As Dustin Hoffman learned in The Graduate decades ago: Plastic is the way of the future! And the future is now. You know that. I watched the bagboy ask you the usual question: Paper or plastic? You chose plastic for your grocery bags. Good move. Now think of all the energy -- emotional and otherwise -- you'd save yourself, and those in line behind you, if you would only choose plastic at the checkout line.

And that's the Savage Truth.

>To order reprints of this article, click here: Reprints

Terry Savage is an expert on personal finance and also appears as a commentator on national television on issues related to investing and the financial markets. Savage?s personal finance column in the Chicago Sun-Times is nationally syndicated, and she released her fourth book, The Savage Number: How Much Money Do You Need? in June 2005. Savage was the first woman trader on the Chicago Board Options Exchange and is a registered investment adviser for stocks and futures. A Phi Beta Kappa graduate of the University of Michigan, Savage currently serves as a director of the Chicago Mercantile Exchange Corp. She also has served on the boards of McDonald?s and Pennzoil.

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