Lizzy and Lissa break down the hidden costs – financial and otherwise – of credit cards. When managed wisely, credit cards can unlock amazing perks like travel rewards and cash back. But they can also be a slippery slope into consumer debt. Are credit cards really worth it? Main Topics00:00 Maxed Out Cards01:33 Running The Numbers Segment03:44 How We Use Cards10:03 Credit Card Strategies and History20:51 The Evolution of Interest Rates23:10 Unexpected Expenses26:20 The Slippery Slope28:40 Strategies for Managing Credit Card Debt38:58 Benefits and Rewards44:13 20 Cents Segment References for Statisticshttps://www.npr.org/2024/05/14/1251295805/credit-cards-debt-inflationhttps://www.forbes.com/advisor/credit-cards/credit-card-statistics/https://www.lendingtree.com/credit-cards/study/credit-card-debt-statistics/https://www.experian.com/blogs/ask-experian/how-credit-card-usage-differs-by-generation/#s1 Co-HostsLizzy is a strategist, alternative investments expert, and a founding partner of Pursuit Funds. Follow Lizzy: Instagram | TikTokLissa is an Accredited Financial Counselor®, personal finance expert, and the founder of Wealth for Women of Color. Follow Lissa: YouTube | Instagram | TikTok Credits► Produced by Lizzy Marie and Lissa Prudencio► Edited by Kory Alexander, KoryAGraphy Studios / @ikoryalexander► Artwork by Lizzy Marie► Music by Lissa Prudencio, Net Net Podcast “Theme Song” Talk to usHit us up, let us know what you think: IS IT WORTH IT? 💸DM us on Instagram: @netnetpodcastEmail us at hi@netnetpodcast.com DisclaimerThis podcast is for educational, informational, and entertainment purposes only, and should not be constituted as financial advice or any other kind of professional advice. Views and opinions are our own, and Net Net Podcast does not serve as a substitute for personalized financial guidance tailored to your specific situation.Remember to always do YOUR own research, consult a professional as needed, and feel empowered to make your own decisions!