Comments by "SmallSpoonBrigade" (@SmallSpoonBrigade) on "DON’T PAY with Cash or Debit!! This is better..." video.

@PointsPointers When I first heard him talking about how CCs are evil, I didn't really get it. I pay my accounts off just about every month with the exception being when I get free promotional interest. Last money I switched to just debit and cash for most purchases and he was right. I'm not necessarily spending that much less than I was, but I'm finding it a lot easier to avoid buying things that I don't really need as it's a pain in the backside to figure out if I've got the money in the account necessary to pay via debit. IMHO, the best thing to do is to only put recurring payments on credit cards and do virtually everything else via cash or debit. The other things to put on credit is if you're getting a specific benefit out of it. For example, free insurance when you rent a car or free warranty protection. If you're counting on it for fraud protection, then you should be really thinking hard about whether the party you're paying can be trusted as you're not necessarily guaranteed for the CC company to believe your side over the merchant.
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@SouperMaruchan Credit cards are designed to encourage that. Why do you think so many of them give "points" now? If you use debit cards and cash you don't need to develop a ton of self control as the added work involved with figuring out if the charge will go through will discourage frivolous purchases.
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This is bad advice. I've switched back to using just debit and cash for most things and it's a lot easier to avoid overspending if you don't use credit. What's more, those bonus points you get for using a credit card amount to basically nothing compared with the ease with which you can buy things you don't need or from people that aren't entirely trustworthy. I was personally skeptical of Dave Ramsey when it comes to not using cards even if you pay them off at the end of the month, but he wasn't wrong. They design those things to be addictive and the bank doesn't make any money at all unless you use them with most of the money being made via interest payments and various fees. If you're going to use credit cards, at least do yourself a favor and make them as annoying to get at as possible.
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The issue is that they make it far too easy to spend money. Most of the guarantees they offer are about making you feel more secure in spending the money. Personally, I think he goes a bit overboard on that front. I've switched to only using my credit cards for my utilities and select things where I have a specific reason for wanting CC protection. But in general, it's a lot easier to stick to your budget when the money is coming out of the account immediately.
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