Watching Gus attack a marrow bone.
I was thinking the same thing. Perfect time, depending on their attributes, to go back to school, get an apprenticeship, or begin a career with skills they may already possess. Start retirement savings now (interest & time are your friends here).Why is a young guy who lives at home, has low income, hardly saves money, little life discipline even thinking about credit cards? Did I miss something?
I’ve got two. Not maxed but I do have a balance. My friend is wanting a card so he went thru CreditKarma card program and they gave him a secured card as a credit builder. He thought you didn’t have to pay it back which is why I was asking cause I couldn’t find the right answer online. We were under the impression it was like a debit card where you just spend what you have and that’s it.
I was thinking the same thing. Perfect time, depending on their attributes, to go back to school, get an apprenticeship, or begin a career with skills they may already possess. Start retirement savings now (interest & time are your friends here).
Good jobs/careers are out there. You just need to be prepared for them. Hell, I’m hiring a couple water & power dispatchers right now & the minimum qualifications aren’t out of reach for those with only a couple years experience in related fields. Training starts at over $50/hr with pension, 401k & 457b & we’re one of the lower paying organizations. Plenty of others out there if one’s looking to improve themselves.
I made that mistake early on until I found out that you really want to pay the minimum payment "On Time " every month to establish credit. Right now the only bills I try to pay off quickly is my Mortgage .Use your credit card to build a credit history and pay them off as quickly as possible.
You will need good credit score in the future.
Yes, and pay 20%+ on the balances. Excellent plan.I made that mistake early on until I found out that you really want to pay the minimum payment "On Time " every month to establish credit. Right now the only bills I try to pay off quickly is my Mortgage .
CAWhat state are these good jobs located in ?
A credit card where I don't have to pay my charges back ... where do I sign up ?!?My friend is wanting a card so he went thru CreditKarma card program and they gave him a secured card as a credit builder. He thought you didn’t have to pay it back ...
If "as quickly as possible" means 100% in full every month that's only partially bad advice.
And for every one who maybe is that disciplined and maybe not visited by finance aliens to cause a problem there are how many thousands without the discipline and paying usury monthly by their own choice and doing? And it's only one visit from the finance aliens to sabotage the previously disciplined. So partially bad advice.How is paying the balance on a credit card off every month “partially bad advice”?
If you’re disciplined, a credit card is far superior and safer than a debit card,…or cash.
I use my credit card for everything, but there again, the posted balance due gets paid every week.
Depends on the debit card. My debit card has the same protections from fraud charges as my credit card - ie, not responsible for the fraud. One advantage of my debit card is that I get a text notification within 5 minutes of using it, so if someone is doing fraud I will know almost instantly, and I can shut it off with a click of a button. With a credit card, the delay is much longer (days) before you can catch it.If you’re disciplined, a credit card is far superior and safer than a debit card ...
And for every one who maybe is that disciplined and maybe not visited by finance aliens to cause a problem there are how many thousands without the discipline and paying usury monthly by their own choice and doing? And it's only one visit from the finance aliens to sabotage the previously disciplined. So partially bad advice.
Depends on the debit card. My debit card has the same protections from fraud charges as my credit card - ie, not responsible for the fraud. One advantage of my debit card is that I get a text notification within 5 minutes of using it, so if someone is doing fraud I will know almost instantly, and I can shut it off with a click of a button. With a credit card, the delay is much longer (days) before you can catch it.
I typically use my credit card because of the cash back, but it gets hacked about every 8 months for the last 4 years. Card fraud is rapid at an ever increasing pace, and I keep telling my credit card issuer that they need to have some kind of OTP (one time passcode sent to your phone) when the card is used. That would shut down card fraud.
Which credit card if you don't mind me asking. It must vary on the quickness of the text notification based on the card and issuer.We, my wife and I, get a text as soon as our credit card is used, it’s very quick. We don’t make it out of the store or log off of the computer before we get a text.
Which credit card if you don't mind me asking. It must vary on the quickness of the text notification based on the card and issuer.
I haven't had a credit card in almost 30 years. It is not in any way a requirement to live. That's the line the card companies feed and many fall for it. I've never been turned down by a car company for their zero percent financing, the only loan I'll take out, and without any credit card to my name.
I really like my Capital One card for the cash back benefits. Especially on the MLB shop it gives me a huge discount. And it’s nice getting a discount at all the stores too. My Discover card is good too but Capital One has advantage in the rewards department in my opinion.Not at all, I don’t figure anyone can steal my info by telling you that it’s Capital One.
I’m not giving you the number though.![]()
I really like my Capital One card for the cash back benefits. Especially on the MLB shop it gives me a huge discount. And it’s nice getting a discount at all the stores too. My Discover card is good too but Capital One has advantage in the rewards department in my opinion.