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Lies We Tell Ourselves To Keep Our Credit Cards

Episode description

#149: People love their credit cards.

Why?

They aren’t valuable. They can’t be traded or sold. And they cost people a lot of money and often their freedom.

I’ve been separated from my credit cards for over seven years and can tell you: I don’t miss them a bit.

Now that I’m coaching people through their debt problems I get to hear all the same lies I used to say that justified my reason for keeping the plastic crutches.

Here are some of the lies people tell themselves so they can keep their credit cards?

“I only use my card for things I’m already going to buy anyway.” 

“I only use this card for the points.” 

“My credit card interest rate is blah blah blah.”

 and more.

For more information, visit the show notes at https://moneyplansos.com/lies-we-tell-ourselves-to-keep-our-credit-cards

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August 21st, 2012

24:33

#72: There are two primary types of Life Insurance: Whole Life (permanent) and Term Life (temporary).

While I can not make a blanket statement to say …

12 Key Questions to Ask a Financial Planner Before You Hire One

August 8th, 2012

48:58

#71: Scott Plaskett, CFP at IronShield.ca, takes time away from his busy schedule to explain the various ways that Financial Planners get paid:

Chris Hogan: What You Need To Know About Coordinating FPU

August 1st, 2012

33:49

Recovering from ID Theft, with Zander Insurance

July 26th, 2012

35:30

#69: More important than monitoring for ID theft is the recovery. It takes many hours to clear your good name, and now there is a service that will do it for you.

Diane Sacks - Vice President of Marketing & ID Theft …

How LifeLock's ID Theft Protection Works

July 20th, 2012

31:59

#68: Tami Nealy, Senior Director of Corporate Communications at LifeLock.com, explains what LifeLock does and how they can help you keep an eye on your ID.

For more information, check out the show notes at

How Long Do We Need to Keep This Stuff? Professional Organizer, Diane Luetkemeyer

July 12th, 2012

29:48

#67: How long do we keep tax returns? Where should we store important documents? What in the world should I do with all these digital pictures?

Tips for Saving Up and Paying CASH for a Vacation

June 20th, 2012

34:15

How To Be Richer, Smarter, and Better Looking with Zac Bissonnette

June 9th, 2012

44:24

#65: Zac Bissonnette wrote his new book with one simple question in mind...

What should young people do with their money in order to have the best …

Dave Ramsey's New FPU Program (revised 2012)

June 6th, 2012

18:58

#64: Dave Ramsey announced changes to the Financial Peace University (FPU) course in a live webinar on June 5th, 2012.

Not only have the videos been …

Theoretical Budgets - The Big Budget Theory

May 25th, 2012

24:37

Using a Break Even Analysis for Lower Insurance Premiums

May 17th, 2012

12:52

#62: I used a "Break Even Formula" to see if refinancing our house would make sense when closing costs could be recovered by the interest saved on …

How to Make Your ID Harder To Steal

May 11th, 2012

26:07
#61: Don’t make it easy for them!

Follow these 8 tips to make your identity harder to steal!

These steps can not guarantee your ID will never be …

To Invest or Not to Invest -- Isn't That The REAL Question?

May 2nd, 2012

26:42

#60: A listener sent in a question about investing while he's in debt. He makes a great case study for us to examine if there is a one-size-fits-all get-out-of-debt plan, or not?

To read his letter or learn more about …

Financial Products that Keep the Middle Class in the Middle-Class

April 20th, 2012

29:15

#59: The path to becoming wealthy is to save, invest, and live on less than we make.

Using other people’s money is expensive and is eroding our ability to become financially independent. It's keeping the middle class in …

Extreme Couponing: Is Couponing Worth the Time?

April 14th, 2012

29:41

#58: Couponing is not just cutting pieces of paper out of your local ads, it involves shopping, travel, and seeking out great values to help you …

(REVISED) Perkstreet: A checking account with rewards -- Interview with CEO Dan O'Malley

April 8th, 2012

31:01

Jeff Rose starts a ROTH IRA Movement

March 30th, 2012

33:53

#56: What do you do when 99% of high school seniors don't know what a ROTH IRA is? You start a MOVEMENT!

That's what Jeff Rose did - and I'm part of …

Should the government forgive Student Loans?

March 21st, 2012

55:31

Which Tax Prep Software Should I Use (2012)

March 14th, 2012

32:26

Understanding YNAB Budgeting with Jesse Mecham

March 7th, 2012

38:03

#53: Jesse Mecham is the founder of YNAB – You Need A Budget.

For a full list of discussion points and resources visit 

Do You Know These 8 Investing Terms?

March 1st, 2012

27:09

Earn Points and Rewards WITHOUT Credit Cards

February 24th, 2012

23:45

Who Cares What Dave Ramsey Says?

February 18th, 2012

20:25

#50: As a Dave Ramsey Trained Financial Coach, this sounds like blasphemy.

But it's not what "Dave Ramsey says...", it's what he teaches that …

Recommended Percentages for Budgeting with free download

February 9th, 2012

29:05

How to Invest like Spock

February 3rd, 2012

24:46
#48: We need to invest like Spock

Deciding how, where, and why to invest should not be taken lightly. We need to think logically and look at the …

Who Do You Work For? How Taxes Make You Work Longer

January 27th, 2012

25:13

#47: Our purchasing power is handicapped by taxes. Learn how long you have to work to afford a $200 iPod Touch.

Full list of examples can be found at

I'm Defending Suze Orman? Really, I am!

January 19th, 2012

19:40

#46: I’m defending Suze Orman?!? Yes, but bot for her behavior when personal finance bloggers idiots - but for something she did with her “Approved …

Setting Goals Part 2 with guest Jon White

January 12th, 2012

32:14

#45: After getting your debt paid off and having an emergency fund, now you get to enjoy your money!

  1. Write goals down so you are reminded everyday

Setting Goals with guest Jon White

January 6th, 2012

26:58

Top 11 Episodes of 2011

December 30th, 2011

32:35

Changing Values Into Valuables

December 23rd, 2011

22:11

#42: One of the things we have to do when building our house of financial freedom open up some windows (share and experience things with others). I call this giving.

There are plenty of ways to be a giver.

5 ways to …

They Want Our Eyeballs! How advertisers try to get your attention

December 17th, 2011

27:44

#41: The media doesn’t make money unless they sell advertising. What do they need for advertisers to pay them money? They need eyeballs.

Regardless of what you read, approach everything with critical thinking.

For more …

Who I Am - Steve Stewart's backstory (through 2011)

December 7th, 2011

27:22

#40: Who am I?

Your humble servant and Personal Finance Architect!

How did I come to be a coach?

That is a question I get often from people who want to become a financial coach and/or take Dave Ramsey’s Counselor …

Open Enrollment Part 3: 401k or IRA?

November 23rd, 2011

32:22

Open Enrollment Part 2: Cafeteria Plans

November 18th, 2011

22:12

#38: 
Cafeteria Plans, aka Flexible Spending Plans, are great ways to save money tax-free on Health Care expenses and Dependent Care expenses.

For …

Open Enrollment Part 1: Insurance Options

November 10th, 2011

37:15

Should I Refi? The Math Behind Refinancing a Mortgage

October 28th, 2011

38:51

A MoneyPlan For Kids

October 20th, 2011

22:37

I'm Saying NO To FICO

October 12th, 2011

18:29

#34: I AIN'T PLAYIN' NO MO! The FICO Score is a one-sided system of debt evaluation and does not take into account your true financial history. The …

Credit worthiness without a credit score? eCredable is INCREDIBLE!

October 4th, 2011

44:25

#33: Steve Ely, CEO of eCredable, used to work for Equifax running the Direct Consumer Business. One of the challenges he experienced was they had a …

An Argument for Privatizing Social Security

September 28th, 2011

41:57

#32: Ashley Barnett, Personal Finance Blogger from MoneyTalksCoaching.com, shares her thoughts on Social Security.

We know the system is broken -- but can it be fixed?

She has an idea and she wrote about it in her …

Renting vs Buying: House Poor Are You?

September 7th, 2011

34:23

#31: Too much of your take-home pay going to the mortgage makes you "House Poor", and it can be devastating to your financial future. But Owning a home has so many benefits.

In this episode we walk through the pros and …

Real Life Case Story with Glenn and Fredonna

August 24th, 2011

32:08

#30: Glenn and Fredonna didn't have a plan for their money. He handled the finances and she was a "willing bystander" with the budget. When they contacted me they wanted to do better, to have a plan for their money. And …

Everything Becomes Normal

August 17th, 2011

38:28

#29: Guest blogger and aspiring Personal Finance Coach Alex Humphrey from AlexSpeaks.com tells us that Everything is Normal. Places, people, things, …

Debt Snowball Calculator with Eric Lentz

August 10th, 2011

27:34

#28: Eric Lentz paid off $53,000 in debt over 24 months using his very own Debt Snowball Calculator.

While he no longer sells his Debt Snowball …

Interview with Crown Financial Ministries, John Riley

August 3rd, 2011

41:59

#27: John Riley is the US Director of Volunteer Ministries at Crown Financial Ministries and has his eyes on Heaven in 2011.

He serves a number of …

Build a House of Financial Freedom

July 28th, 2011

28:35

#26: The step-by-step plan to build a house of Financial Freedom:

1. Work 2. Plan 3. Give 4. Pay for necessities 5. Save $1,000 6. Pay for a few wants 7. Pay off all debt (except mortgage). 8. Save 3-6 months of …

Dave Ramsey's Great Recovery Action Steps - MPSOS025

July 22nd, 2011

55:30

The Great Recovery was simulcast all over America on July 21, 2011. Dave Ramsey called out to Church Leaders and Financial Peace University …

Real Life Case Study with Zac Bissonnette

July 12th, 2011

40:17

#24: In this Real Life Case Study episode we help a young, single, male college student going off to an out-of-state college this fall. His tuition …

How To Achieve Your Savings Goals

July 6th, 2011

21:50

#23: You need to save money. Once you have learned to live on less than you make, what do you do with the extra money?

First thing for anyone (whether in debt or not): Have $1,000 in cash put aside for emergencies. When …

Living Without Credit Cards Pt4

June 28th, 2011

25:57

#22: One giant choice we can make to get control of our money is to stop using credit cards. It may seem impossible but the steps I've laid out in …

Real Life Case Study with Kelly Brantley

June 21st, 2011

47:56

#21: In this Real Life Case Study episode we talk about a couple who have $57,000 in credit card debt and $23,000 in student loan debt.

They bring home $4,500 a month but are behind with 8 of the 13 cards and are …

Living Without Credit Cards Pt3

June 7th, 2011

19:16

#20: Living Without Credit Cards takes more than just a pair of scissors and going cold turkey. This episode walks us through Step #3 to wean us off …

Living Without Credit Cards Pt2

June 1st, 2011

19:19

#19: We can't really live or give at our full potential unless we stop borrowing more money and eliminate debt. One of the first things we have to do …

Real Life Case Story with Jen and Bob McDonough

May 25th, 2011

53:46

#18: This is a real life story of a couple with four children who were normal Americans, made a lot of money, and enjoyed life. They had two cars with payments, a 2nd mortgage, spent $1,000 a month on dining, paid off …

Living Without Credit Cards Pt1 - MPSOS017

May 19th, 2011

22:38

#17: Americans are dependent on their credit cards. But you can live without credit cards, it just takes some time and effort.

In this episode we talk about the very first action step you need to take. It's the hardest …

DOs and DONTs for Engaged Couples - MPSOS016

May 8th, 2011

19:45

#16: Financial Coaching at it's best from America's Personal Finance Architect, Steve Stewart. Helping everyday American's build a solid foundation …

Real Life Case Study with Matt and Janelle Wegner

April 27th, 2011

47:58

Become A Coach with Justin Lukasavige

April 18th, 2011

57:40

#14: I am often asked - Steve, how can I become a Dave Ramsey Coach?  I'm no expert, but I can direct them to some incredible resources.

Two of them come from Justin Lukasavige, Storywriter at CoachRadio.tv and author …

What is Leverage? And Spending Quarters for Lotto

April 12th, 2011

27:14

#13: Leverage is a term used in the housing industry, but everday Americans Leverage themselves all the time and don't realize it. 

For a full list …

Real Life Case Study with Melissa Cappleman - MPSOS012

March 29th, 2011

30:54

#12: Coach Melissa Cappleman and I discuss the challenges of a single mom who is doing it all by herself with two children in private school but …

I Lost It! And Justin Bieber Has A Coach? - MPSOS011

March 22nd, 2011

38:39

#11: Have you ever been totally derailed? Something unusual came up that just threw you off balance and you had to stop, get back up, and start moving forward again? That's what happened to me over the past few weeks.

Should I Tithe While In Debt?

March 2nd, 2011

19:16

#10: One of the most common questions I get from Christians is "Should I Tithe while in debt"?

This episode discusses that topic in depth.

For a full …

Real Life Case Study with Gregg Pechmann

February 18th, 2011

40:03

#9: We present a real life couple's real life financial challenges and give real life answers to the choices they can make when they feel there is nowhere to turn.

In this episode we talk with Gregg Pechmann, America's …

How to Prepare for a Job Loss

February 15th, 2011

#8: Michael TechTalk Kastler was fired just before Christmas. He asked for The First 5 Things You Should Do When You Get Fired. I didn't really …

Were Not Talking Bonds: Episode 007

February 7th, 2011

26:29

In this episode: 7 tools and tricks to keep you maintain control of your money and not get TRAPPED by marketing and consumerism!

For a full list of …

A Real Life Case Study with Josh Levitt

January 26th, 2011

30:42

#6: Dave Ramsey Trained Financial Coach, Josh Levitt, joins me in this Real Life Case Study.

We talk about why married couples share checking accounts, how they can use the envelope system, and does it make sense to …

Steve Stewart's Absolute Simplest Budget That Works

January 19th, 2011

30:33

#5: I’ve boiled the process down to the simplest elements and have come up with a signature process that will

  • Show how far your money can truly go

5 Things To Do If You Are Falling Behind

January 8th, 2011

28:09
#4: There are 5 things that need to be in place before paying off debt and saving for the future:
  1. Get on the same page with your spouse or …

Real Life Case Study with Don Current

December 23rd, 2010

59:54

#3: A Real Life Case Study with Don Current of Current Finances.  

Don is also a Dave Ramsey Trained Coach who “Helps You Take The Worry Out Of Money”. He is our guest coach on this episode where we discuss the …

Three things that help make you rich

December 7th, 2010

15:34

#2: There are three things anyone can do that will help lead them onto a path of financial freedom and become rich.  

Also, Holla From The Impala: …

Episode 1: Welcome to the MoneyPlan SOS podcast

November 23rd, 2010

9:46

#1: Welcome to the Money Plan SOS podcast, where everyday Americans learn how to PAY ATTENTION, NOT INTEREST! My name is Steve Stewart. I'm a Dave Ramsey Trained Counselor and I HATE YOUR DEBT MORE THAN YOU.

I believe …

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