MMS007: Can You Get By In Life Without Credit?

MMS007: Can You Get By In Life Without Credit?

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Is our addiction to credit cards and consumer debt really a necessary evil in today’s interconnected world – or is there another way? Steve Stewart of MoneyPlanSOS joins us to explain his anti-debt philosophy and what options the average person has if they want to stay away from making expensive debt-related mistakes.  Since a few of us on the panel have well-established love affairs with our travel rewards credit cards the conversation should prove lively!


Key Takeaways From This Episode

Some important points made in this episode:

  • Is it even possible to ditch credit cards in today’s world if one wanted to?
  • Peter and Tom bring up some interesting proof of rewards credit cards being tied to higher spending habits.
  • Will not using credit cards hurt your credit score?
  • Is it safer to use a credit card than a debit card?
  • Do your credit cards rewards points fall from the sky or is someone else footing the bill?


Panelists In This Episode:

For a quick bio of each of our show participants, head on over to our panelists page.

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