Lizzy and Lissa break down the hidden costs – financial and otherwise – of credit cards. When managed wisely, credit cards can unlock amazing perks like travel rewards and cash back. But they can also be a slippery slope into consumer debt. Are credit cards really worth it?
Main Topics
00:00 Maxed Out Cards
01:33 Running The Numbers Segment
03:44 How We Use Cards
10:03 Credit Card Strategies and History
20:51 The Evolution of Interest Rates
23:10 Unexpected Expenses
26:20 The Slippery Slope
28:40 Strategies for Managing Credit Card Debt
38:58 Benefits and Rewards
44:13 20 Cents Segment
References for Statistics
https://www.npr.org/2024/05/14/1251295805/credit-cards-debt-inflation
https://www.forbes.com/advisor/credit-cards/credit-card-statistics/
https://www.lendingtree.com/credit-cards/study/credit-card-debt-statistics/
https://www.experian.com/blogs/ask-experian/how-credit-card-usage-differs-by-generation/#s1
Co-Hosts
Lizzy is a strategist, alternative investments expert, and a founding partner of Pursuit Funds. Follow Lizzy: Instagram | TikTok
Lissa is a personal finance expert and content creator. Follow Lissa: YouTube | Instagram |TikTok | LinkedIn
Credits
► Produced by Lizzy Marie and Lissa Lumutenga
► Artwork by Lizzy Marie
► Music by Lissa Lumutenga, Net Net Podcast “Theme Song”
Talk to us
Hit us up, let us know what you think: IS IT WORTH IT? 💸
Disclaimer
This podcast is for educational, informational, and entertainment purposes only, and should not be constituted as financial advice or any other kind of professional advice. Views and opinions are our own, and Net Net Podcast does not serve as a substitute for personalized financial guidance tailored to your specific situation.
Remember to always do YOUR own research, consult a professional as needed, and feel empowered to make your own decisions!
