Is it better to have toast or cereal for breakfast?

I used to always choose cereals such as just right, toasted muesli and light n tasty as my option for breakfast and would avoid eating toast because people always say bread equals carbs and carbs are bad for you, but when I added it up, a normal bowl of cereal with milk has way more calories in it than two pieces of toast with butter and vegemite, therefore, am I better off consuming toast over cereal for breakfast?