Maybe you have a system in place for which card to use when, or maybe you use one type all the time. But do you know the difference and when it is more beneficial to use one over the other?

Bubbles burst, the economy falters, companies downsize, and personal disasters happen which can result in a reduced paycheck. Perpetual salary growth or even maintenance is simply not guaranteed. However, by adopting the right tools and attitude, you can make the most of a reduced paycheck and not just survive, but thrive.