my first credit card

i would prefer the debit card as well because it is not imaginary money. its money that you actually have that you have worked for. when i was younger i thought we could solve poverty by just making more money. then i realized how much of the money we use is intangible. we actullay buy money, we buy imaginary value, we spend money to get money. i think that monetary trade; attaching value to paper to create a system of intangible expenditure for goods instead of barter and exchange of tangible goods for creates this imaginary bubble of power, excess and rampant greed...among other things.

I'm going to get my first credit card soon. I just opened up a checking account. I feel kind of behind the curve for my age group but having the financial responsibilities of an adult is a scary concept

Credit is a beautiful thing if you master the concept...

imho credit is a system used by the govt to keep the general population subservient.

once you have established your credit, which is relatively easy you can buy things that would normally take years to save for, instead you spend those years paying it off while enjoying the thing you would have saved for.

this makes the desirable things in life obtainable but only if you maintain a job and some stability (which requires staying in one city usually and holding the same job)

so it ties people up.

now if you actually worked and saved all that money before you got the thing you wanted you would pretty much without a doubt invest in something more worthwhile. instead of buying a car you would put it into an investment account, instead of a toy hauler and a bunch of toys that all lose their value instantly and rapidly you might build a house.


but thats just how i see it.

and i have over $8k in debt at age 19. :D;)

You definitely have to spend within your means. You should carry cash, because you feel it more spending it than swiping a card. Credit card companies make money hoping you slack. That's why you should always be on top of it. As soon as the bill cycle changes it, pay the bill, to insure you get no late, interest or finance charges. If there is ever a time you have to make a big purchase that you'll have to pay over time, budget your money. Very important to keep track of your finances. It sounds hard, but it really isn't, use restraint.

be careful, i wish i had never got my credit card. but at least it has built my credit to a really good rating.

my grandma is still in bankruptcy and trying to sort shit out from credit cards.... she filed for bank ruptcy the first time like over 10 years ago i believe....

credit card companies aren't there to make money from those who pay every month or off intrest.... they're there to make their money by screwing over the percentage who screw up...

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Originally Posted by BizzleLuvin

CHA-CHING!
its only a $500 limit but its another small step into adulthood. it feels kinda weird, like i almost dont trust myself with something as serious as a credit card.

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That shit makes me nervous. I can hardly handle keeping money in the bank.

Hey some freindly advice. use it once or twice a month. small purchases. pay them off every month. And in six months your credit score will go up and so will your limit's. but dont be fooled it's not free money, it has to be payed back. BE SMART ABOUT IT!! And welcome to growing up.

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Originally Posted by Skink

Credit is a beautiful thing if you master the concept...

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ya i have great credit, and it seems that credit is more valuble than actually money, sometimes you can have the money to buy whatever you want but you also need good credit. and for some, bad credit holds them back from many things.

I only use my credit for gas(if i have nocash on me) and little things like food.

My guideline that i follow is: If i want to buy something with the credit card, i have to have enough money in the bank, So I know i can pay it off.

Good luck:thumbsup: