I Went One Month Without Credit Cards

Its been 30 days since I last use a credit cards, my credit score went down, I spend money and got no cash back this month, and surprisingly I’ve saved more mone

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My Credit Score went Down

On February 19th I had a credit score of 812

And today March 20th my credit score is about 776

That is a 38 point difference

And you might be wondering:

Why aren’t you scared, and why are you smiling

Because its like someone telling you, if you don’t use it, you lose it, but what if I don’t need it and maintaining is costing me money

So here Is the truth

My credit score went down not just because I stopped using credit cards

But because I also closed down all my credit cards

I realize that I don’t need them, and the reasons they tell you need a credit score is all lies

I can save and pay cash for a car, I can buy a house without a credit score, and I get an apartment without a fancy credit score

I didn’t get any points

So in the past month I’ve spent literally about $1500 dollars

With my credit card that pays me 1% I would have made about $15 dollars month

Enough to cover my Netflix bill maybe ( I don’t pay for netflix )

But I realize all in all

That getting point is just an excuse for spening money you should not be spending

And if I screwed up just once and didn’t pay my card on time, I would be charged a load of interest

100% of the people that I know, that are in credit card debt, use credit cards and 100% of the people that I know that don’t have credit card debt, don’t use them ( its common sense ) extreme but rational

I’ve saved more money

If I ever went out and needed some extra cash for whatever reason

Or if I was going to spend some cash for whatever reason

I would usually use a credit card, then trasnfer the money and then pay in full

But now:

If I don’t have the money, I have to wait to get the money ( not that b=much of a big deal )

If I set a budget for the month, and I’m almost don’t spending it, I have to slow down

When you eliminate the option of going into debt, you have to use what you have and you become a lot better at doing that

I’ll make a video again in 3 month or 12 months

Tell you whats happened since then

But I expect to become credit invisible

Because they will be not receive any more info

So what about when you get an apartment, house or a car

Again, show evidence of funds, bill history payment and pay cash for a car always

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

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