credit cards
Easy to spend. Hard to pay.
Since I've been working hard on my credit, I've had to obtain more credit cards. The younger me would have maxed out the cards, and paid the minimum due each month. I had to go through that to learn it's NOT the way to manage credit cards. The "adult" me uses them sparingly, and I make sure to pay the full balance off each month. Paying the balance off each month, forces me to use the credit cards at a bare minimum. Most of the time, I don't even carry them in my wallet. That way I'm not tempted to pull them out whenever I get that shopping itch.
The trick is, in order for you to establish good credit history, you have to use them. Keep them under a 30% balance, and it shows as a positive mark on your credit report.
I am talking about this because I woke up this morning and was a little annoyed that I had 3 of them to pay off. So as I stated before, they are easy to spend on yet so hard to pay.
Play the credit card game, but be smart about it.
Since I've been working hard on my credit, I've had to obtain more credit cards. The younger me would have maxed out the cards, and paid the minimum due each month. I had to go through that to learn it's NOT the way to manage credit cards. The "adult" me uses them sparingly, and I make sure to pay the full balance off each month. Paying the balance off each month, forces me to use the credit cards at a bare minimum. Most of the time, I don't even carry them in my wallet. That way I'm not tempted to pull them out whenever I get that shopping itch.
The trick is, in order for you to establish good credit history, you have to use them. Keep them under a 30% balance, and it shows as a positive mark on your credit report.
I am talking about this because I woke up this morning and was a little annoyed that I had 3 of them to pay off. So as I stated before, they are easy to spend on yet so hard to pay.
Play the credit card game, but be smart about it.
