Jesse Chats with a Guy Who Has Never Used a Credit Card

The Jesse Mecham Show

YNAB

Kids & Family, Education

4.7 • 1.1K Ratings

🗓️ 3 April 2023

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jesse talks with a man who has never used a credit card -- YNAB's own Ben Barlowe, who you may also recognize from the Budget Nerds podcast. Ben is 34 years old, has four children, a house (purchase with a mortgage), and a busy life! Believe it or not, he has been able to navigate life without ever having used a credit card.

Ben discusses the reasoning behind his personal decision to not use credit cards, how he obtained a mortgage with no credit score, and how he manages day to day expenses such as renting cars without a credit card.

Credit cards are ubiquitous these days, but that doesn't mean you HAVE to use one. Ben demonstrates that it's possible to have a robust, well-planned financial life without credit!

Got a question for Jesse? Send him an email:

askjesse@ynab.com

Transcript

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0:00.0	Ben, welcome to the YNAB podcast.
0:08.4	A.J.S.D. happy to be here.
0:10.1	You are not, this is not your first time here.
0:13.0	No, it's not.
0:14.6	Been around a couple times, I think.
0:16.3	Also, you are no stranger to podcasts related to budgeting.
0:20.5	That's for sure.
0:22.6	Oh yeah, yeah.
0:23.4	We have budget nerds, we do.
0:25.9	Same cadence as you and Mark on the beginning balance.
0:29.2	To do twice, or once every two weeks, AME and Ernie would do budget nerds, and we just
0:34.8	kind of get in the little enough to keep the people wanting.
0:37.6	Exactly.
0:38.6	Exactly.
0:39.6	Exactly.
0:40.6	Yeah.
0:41.6	So, as you know, I've been kind of exploring my own thoughts as it relates to credit card
0:46.8	usage.
0:48.5	And in 2023, Julian and I are not using credit cards, we're just going straight up debit
0:53.3	card.
0:54.5	So far so good.
0:57.1	And I've been getting a lot of engagement through the podcast channel on this, including
	...

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