Credit cards: Good or evil?
Im not a fan of credit for credits sake.
Our team has compiled alist of creative waysyou can fatten your bank account this week.
This is a long list, so dont get overwhelmed.
Well keep it updated as offers changes or expire.
So how do you know if youre ready for your first credit card?
Should I Get a Credit Card?
The most important question you gotta answer is whether you even need a credit card.
Did you know?
Do You Have a Good Reason for Wanting a Credit Card?
Ask yourself why it is you want a credit card.
If there isnt a reason in the here and now, think further down the road.
Dont worry about building credit until youre about two years away from making a major purchase, he said.
And for me, that is buying a home.
I maxed it out a $2,000 credit card in 36 hours.
I bought a professional grade keyboard and two studio monitors.
I was in credit card debt for almost 10 years.
Do You Have Proof Youre Ready to Handle Credit?
Have a regular income for 12 months.Either a part-time or full-time job is acceptable, according to Christensen.
Create a written budget.you’re free to findideas for creating a budget here.
Have You Done Your Research?
How well do you understand credit cards?
If your financial literacy is lacking, you could end up paying for it with interest.
(Sorry, just a little financial humor.)
Understanding thebasics about how credit cards workis essential, including knowing themyths about credit.
Do some research and shop around.
Can You Get Approved for a Credit Card?
Or something like that.
Tiffany Wendeln Connors is a staff writer at The Penny Hoarder.
Readher bio and other work here, then catch her on Twitter @TiffanyWendeln.
(Can you sense my millennial sarcasm there?)
You know which ones were talking about: rent, utilities, cell phone bill, insurance, groceries…
