The Jesse Mecham Show Should I Build My Savings or Get Rid of Debt?
Jan 15, 2026
People are setting resolutions to save more money, but Jesse critiques the concept of saving without a purpose. He highlights the dangers of high-interest consumer debt and urges listeners to examine the root causes of their reliance on credit. By focusing on true expenses, like car maintenance, and budgeting for surprises, one can prevent falling back into debt. Earmarking savings for specific purposes can lead to financial relief and improved behavior, allowing money management to blend joyfully with practicality.
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Savings And Debt Affect Net Worth Equally
- Savings and debt both change net worth the same way: assets up or liabilities down move the same number.
- People feel differently about having cash versus being debt-free, so emotional preference matters alongside the math.
Consumer Debt Is Particularly Harmful
- Consumer and buy-now-pay-later debts are the worst because they fund things that lose value immediately.
- High-interest consumer debt is uniquely harmful compared with productive debts like modest mortgages or some student loans.
Anticipate Big Irregular Expenses
- Prevent future debt by anticipating bigger, infrequent expenses and funding them monthly.
- Give those future bills a category and set aside a small amount each month so you avoid reaching for credit.