The Jesse Mecham Show

I Stopped Using Credit Cards for an Entire Year. Here's What Happened

18 snips
Jan 6, 2025
Imagine ditching credit cards for a whole year! One person's bold experiment led to an 18% increase in their average bank balance. Discover how eliminating cards simplified finances and made spending more intentional. They even found that the lack of points and rewards didn’t dampen the experience. Join in for valuable insights on reshaping financial habits for a more straightforward money management journey!
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ANECDOTE

No Credit Card Experiment

  • Jesse Mecham stopped using credit cards for personal spending in 2023 and continued into 2024.
  • This resulted in an 18% increase in his average bank account balance.
INSIGHT

Simplified Money Management

  • Using only one account simplifies money management.
  • It eliminates the need to decide which account to use and makes spending more tangible.
ADVICE

Try a No-Credit-Card Year

  • Try not using credit cards for the year 2025.
  • See how it affects your spending and bank balance.
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