Growing up, I was always told by my mom to at all costs avoid getting a credit card. Why have one? They do more harm than good, it’s too easy to get yourself into debt, if you have the money to pay up front, why not just pay for it? Don’t try to live beyond your means.
To me, that’s all sound advice. It makes sense. I certainly never wanted to get into debt and be paying off crap for years to come, and this was a time before companies and creditors focused so hard on a credit score (I didn’t even know what one was until my 20s), so I took her advice and never got a credit card.
It worked well for me for a very long time. I’ve never had outstanding debt or had to worry about not being able to make some kind of payment- but now, with the economy how it is, it seems that living on the money I had instead of borrowed money has done more harm than good.
I for a long time, had no credit history whatsoever, and then after some stupid medical bills, my credit score went from nonexistent to poor. In this day and age, it’s NOT good to have a bad credit score. It makes life very very hard.
It’s important now to not only build a strong credit history (yes, by getting credit cards and other things that count toward your score), but to keep a close eye on your score. If I had done a better job to begin with, perhaps now instead of looking into rentals, I could be looking to purchase a house instead. And then somewhere down the line, to save even more money, I would be owning a house that I would be able to do a loan mortgage refinance on and be saving even more money per month.
I need to get on top of my credit now, so that somewhere down the line that can happen- and we can finally live comfortably.
@mental_meanders I've lasted 6 years. I'll be damned if they nab me now!
They had a PTA Membership Drive-Thru at school this morning, so naturally, I sped away while yelling "YOU'LL NEVER TAKE ME ALIVE, COPPERS!"
Forget Party Planning- Make Birthdays EASY this year with Netflix! goo.gl/fb/uLts1W
I'm sick today, so if you need me, I'll be in the same place doing the same shit I always do because I'm a mom.
Calories in cake don't count if you've soaked it in tears after your baby keeps reminding you how much closer they are to adulthood #science
My emotional state today can be described by "My kid turned 10 and started talking about how he'll be getting a job soon"
People want to be so judgy about my parenting lately- have a whole LIST of things "perfect parents" would NEVER do. holdinholden.com/2012/06/thin…