SESKStuff Everyone Should Know
SESK: Stuff Everyone Should Know · sesk.info/teen-debit-vs-credit

When you pay with a debit card, whose money are you spending?

Debit spends your own checking account money.

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  1. Borrowed money from the bank
  2. Money from your next paycheck
  3. Your own, from your checking account ✔

Why: A debit card is linked to your checking account. A credit card is a loan, so you borrow and pay interest on any balance you carry.

Huh, didn't know that: A check is a paper order to a bank or credit union to pay someone from a checking account.

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References

Answer: Your own, from your checking account. A debit card is linked to your checking account. A credit card is a loan, so you borrow and pay interest on any balance you carry.

  1. CFPB Youth Financial Education Glossary www.consumerfinance.gov/consumer-tools/educator-tools/youth-financial-education/glossary
    A card used to make purchases at businesses (like grocery stores and gas stations) with money in your checking account.
    Checked 2026-10-10.
  2. CFPB youth financial education glossary www.consumerfinance.gov/consumer-tools/educator-tools/youth-financial-education/glossary
    A paper order to a bank or credit union to pay someone from a checking account.
    Checked 2026-10-10.

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That's stuff everyone should know.