2112: Could You Be Making This Super-Common Credit Card Mistake? By Jackie Beck

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 25 November 2022

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jackie Beck warns you of a common credit card mistake Episode 2112: Could You Be Making This Super-Common Credit Card Mistake? By Jackie Beck Jackie and her husband paid off over $147,000 in debt, including their house! She’s walked the walk to become completely debt free, and she wants to help you do the same with her award-winning Pay Off Debt by Jackie Beck app. Jackie and her app have been featured in Oprah Magazine, MarketWatch, Forbes, CNBC, and more. The original post is located here: https://www.jackiebeck.com/common-credit-card-mistakes/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily Episode 2112.
0:04.7	Could you be making this super common credit card mistake by Jackie Beck of JackieBeck.com
0:11.3	and I'm your host and personal finance enthusiast, Diana Mariam.
0:15.8	Let's get right to today's post as we optimize your life.
0:23.6	Could you be making this super common credit card mistake by JackieBeck of JackieBeck.com?
0:31.0	Did you know that getting a credit card for emergencies is one of the most common credit
0:35.3	card mistakes you can make?
0:37.3	Sadly, I found that out the hard way, leaving me frustrated and discouraged.
0:42.6	Here's what happened.
0:43.9	Plus what you can do to avoid falling into the same trap, or what you can do to fix things
0:49.3	and escape that trap quickly if you've already fallen in.
0:53.6	How it started, making one of those common credit card mistakes.
0:58.6	Shortly after my first husband and I got married, we got a credit card to use strictly for emergencies.
1:05.2	We were really clear on that upfront and believed that having the card would also benefit
1:10.1	us by building credit.
1:11.9	We felt a little bit nervous but also smart.
1:15.2	The problem was, or so I thought, that we kept having emergencies.
1:20.0	One of us had to fly out of state for a funeral, twice.
1:23.6	We also had to replace the clutch and the brakes on my lemon of a car, three or four times.
1:29.8	So of course, we used the emergency credit card to do so.
1:33.4	That's what it was for, right?
1:35.3	There was just one huge problem.
	...

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