Budget Nerds #77 - Are You On the Credit Card Float? Credit Card Alerts Can Help
Nov 1, 2023
The hosts discuss the concept of the credit card float, its implications on personal finances, and the dependency on credit cards. They explore the new credit card alert feature in YNAB to manage overspending and existing balances. They also address the importance of having a cushion and alternative payment methods, and suggest a method called the 'rip off the Band-Aid' to break the dependence on credit cards instantly.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7
Introduction
00:00 • 3min
The Problem with Credit Card Float
02:57 • 4min
Dependency on Credit Cards and Its Impact on Cash Flow
06:46 • 1min
The Credit Card Float: Dependency and Fragility
08:14 • 11min
New Credit Card Alert Feature
19:21 • 4min
Addressing the Credit Card Float and Bringing Awareness to Users
22:57 • 2min
The 'Rip Off The Band-Aid' Method
25:02 • 15min