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Not having credit cards is a silly mistake that naive people make instead of properly planning their budget. A proper mix of credit cards will get you at a mini

Not having credit cards is a silly mistake that naive people make instead of properly planning their budget. A proper mix of credit cards will get you at a minimum a 2 to 5 percent discount on every single thing that you buy. With certain deals and smart usage of points, this can jump to 10 to 50 percent. I literally get thousands of dollars in cash back on my normal spending every year, not even counting things like discounted flights and hotels that don't directly show up on my year end report. And that is only discussing one single benefit. Things like charge backs and flagging fraud operate much more smoothly when using a credit card instead of a debit card. Problems arise when you spend money you don't have, or even worse spend money you will never have. The savings completely disappear once you start carrying a balance and start getting interest fees. Just treat your credit card like a debit card and have a budget. Paying with cash and especially your debit card is just a poor move.

_8j50 3y ago
> Problems arise when you spend money you don't have Not everyone has that much discipline. Do you think credit card companies give free cash for no reason? It's like when every smokers tells themselves: "the problem is when you smoke regularly, I only smoke when drinking" or something like that. It's addictive! Can you be disciplined if there is an emergency of some sort? Most can't. Let me avoid being dramatic: let's say you get a flat tire and have to be at work the in a few hours, will you stop by a name brand place and put new tires on the credir cars or find a low end no name hole in a wall that charges $30 for used tire because you only have $50? Most will keep their $50 and put it on the card. One becomes two becomes a thousand. > Just treat your credit card like a debit card and have a budget. Paying with cash and especially your debit card is just a poor move. There are doctors and lawyers living paycheck to paycheck but not because they don't know how to budget. I know in the short term debit cards are worse bur my allergy to paying interest of any kind has protected me too much! And the millions that ruin their lives because of credit card also knew budgeting exists. Don't play with fire, run with scissors or pay with credit cards!
ac29 3y ago
Those high reward cards are only available to people with good to excellent credit, which probably doesnt apply to most of the people living paycheck to paycheck. Also, given that you make thousands in cash back per year, this must equate to $100k/year in card spending or close. Not sure if you were posting to brag about your high income, but this article is not about people in the top 10% of income earners.

_8j50 3y ago

> Problems arise when you spend money you don't have Not everyone has that much discipline. Do you think credit card companies give free cash for no reason? It's like when every smokers tells themselves: "the problem is when you smoke regularly, I only smoke when drinking" or something like that. It's addictive! Can you be disciplined if there is an emergency of some sort? Most can't. Let me avoid being dramatic: let's say you get a flat tire and have to be at work the in a few hours, will you stop by a name brand place and put new tires on the credir cars or find a low end no name hole in a wall that charges $30 for used tire because you only have $50? Most will keep their $50 and put it on the card. One becomes two becomes a thousand. > Just treat your credit card like a debit card and have a budget. Paying with cash and especially your debit card is just a poor move. There are doctors and lawyers living paycheck to paycheck but not because they don't know how to budget. I know in the short term debit cards are worse bur my allergy to paying interest of any kind has protected me too much! And the millions that ruin their lives because of credit card also knew budgeting exists. Don't play with fire, run with scissors or pay with credit cards!

ac29 3y ago

Those high reward cards are only available to people with good to excellent credit, which probably doesnt apply to most of the people living paycheck to paycheck. Also, given that you make thousands in cash back per year, this must equate to $100k/year in card spending or close. Not sure if you were posting to brag about your high income, but this article is not about people in the top 10% of income earners.