The Jesse Mecham Show
Ask Jesse: Still Catching Up
Sep 4, 2023
Jesse answers listener questions about credit card favoritism, minimum purchase requirements, gratitude, budgeting strategies, and the illusion of money. They discuss the importance of play, managing debt for education expenses, and the impact of credit cards on financial success.
09:04
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Quick takeaways
- Using a credit card for education expenses can provide a positive balance and discounted tuition.
- Creating an 'overflow category' in the budget can track and manage overspending patterns effectively.
Deep dives
Using credit cards for education expenses
One listener shares how they use a credit card to pay for their child's education expenses, like tuition and books, and view it as a low-cost way to acquire the theoretical asset of education. This approach allows them to have a positive balance on the credit card while benefiting from the discounted tuition their spouse receives.
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