True or False: Not using a credit card that charges 18% interest can help you keep more of your money.

Choosing not to use a credit card that charges an 18% interest rate can indeed help you keep more of your money. This is because interest on unpaid balances can accumulate rapidly, leading to significant financial burdens. For example, if you carry a balance, the high interest rate means you will pay much more than the original purchase price over time, reducing your overall financial wellbeing and savings potential.

By avoiding such credit cards, you not only eliminate the risk of accruing high interest charges but also encourage more responsible spending habits. This aligns with Dave Ramsey’s principles, which advocate for living within one's means and using cash or debit instead of credit to manage finances effectively. Thus, the statement is accurate as steering clear of high-interest credit options allows you to preserve your finances and build wealth more efficiently.