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The personal finance guru is known for his no-nonsense advice across a broad range of topics in finance.
One of his most deeply held and perhaps controversial opinions is that credit cards are bad news for consumers.
Ramsey famouslyrefusesto use a credit card, preferring instead to rely on cash or a debit card.
However, no expert is perfect, and not all advice is one-size-fits-all.
Here are five reasons Ramseys hard stance may not apply to you.
Personal finance is 80% behavior; its only 20% head knowledge, Ramsey said.
But what if you dont overspend?
You Stick to Your Budget
Ramsey illustrated the psychology of spending with a cash to plastic comparison.
However, budget-conscious people treat every transaction with the same gravity.
When your expenses are consistently lower than your income, your risk of falling intocredit card debtdiminishes significantly.
These perks can align with frugal habits, making credit cards a tool for saving rather than mere impulse-buying.
Youre Building or Maintaining a Strong Credit Score
Ramsey frequently states that you dont need a credit score.
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