Radio: Best Practices For Using Credit Cards

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Credit Card Illustration
Credit Card Illustration made with Cut Paper by Zoe Russell (age 6)

Credit card debt is terrible. Over a lifetime, average credit card debt can steal over $2 million from a family.

On Tuesday, April 11, 2023, David John Marotta appeared on Radio 1070 WINA’s Schilling Show with Rob Schilling to talk about best practices for using credit cards.

Here is an outline of the discussion:

[0:00] When did we start seeing credit cards?

[1:26] Do we spend more with credit cards?

[2:05] What is the cost of using credit cards and carrying a balance?

[3:58] Why are the rates for credit card debt so high?

[7:21] All of us have our weak point with our will power and self control.

[8:19] How can you guard yourself against making purchases?

[9:42] Why are students targeted for credit cards?

[10:38] How important are credit cards for young people who are building their credit?

[11:15] What are the rules for best practices for using credit cards?

[16:02] For people who are in trouble with their credit cards, where so you start getting out?

You can listen to the audio here:

Related Links & Notes

Credit Card Illustration made with Cut Paper by Zoe Russell (age 6).

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President, CFP®, AIF®, AAMS®

David John Marotta is the Founder and President of Marotta Wealth Management. He played for the State Department chess team at age 11, graduated from Stanford, taught Computer and Information Science, and still loves math and strategy games. In addition to his financial writing, David is a co-author of The Haunting of Bob Cratchit.