Hey guys I'am a incoming freshman and I have some questions for you all about credit cards.
If those of you who have credit can you manage it well while in college?
Do you you debit instead?
Is it best to pay for books with credit?
If you guys have more advice beyond these questions feel free 2 post them!!!
I say get a debit card first before you think about getting a credit card, especially with this being your first year away from mommy and daddy. That way when you buy something, you know it's already paid for. People get in trouble with credit cards because they think credit cards are money and they aren't. Every time you use a credit card it's like taking out a mini loan from the bank.
i was actually going to get a credit card to try and establish credit. my dad retired and he is a Vietnam veteran so the gov pays for ALL of my school, books, housing and tuition they also put 900 in my pocket just so i dont have to work plus i get some of his social security. i think i am in okay standing financial wise but how would you go about gettin a credit card. ive looked online and seen interest rates between 9% and 15%.... 15 seems high to me.
what is a credit card company some of you might recommend and what do you consider a resonable interest rate to be?
Hey guys I'am a incoming freshman and I have some questions for you all about credit cards.
If those of you who have credit can you manage it well while in college?
Do you you debit instead?
Is it best to pay for books with credit?
If you guys have more advice beyond these questions feel free 2 post them!!!
Look, take it from someone with a degree in Finance...
Credit cards are only good if you responsible. Meaning, if you have a habit to splurge and get every new Jordan, every new CD, DONT GET ONE YET!! Cause, you'll get one, and I guarantee u, a year later you'll be in the hole 5-7 stacks, and probably would even remember everything you bought. Then, you'll be spending the next six years playing catch-up on your credit.
On the other hand, if u know how money works, it'll be a good stepping stone for. It will build credit, and teach responsibility about how not to put yourselfin those situations. Believe me, nothin's worse then really HAVING to use it, only to find out you've maxed it out already on dumb sh*t. Like folx already said, start with a debit card, and work your way up.
As for books, I'll give u my hustle. PAY CASH!, Look, if u can afford it, you can get them waaayy cheaper than what the stores want. Here's how....
1) Your school must have a card system, where your ID can be book on book voucher money
2) Find cats who have dough to blow on their book voucher. Make sure they can do this, cause u don't want to be responsible for a **** not gettin a book cause they blew their voucher money on you. (they're not hard to find...trust me)
3) This is like the old food stamp hustle...a $65 book a food stamp for $50. Look, BV money don't work outside the school and cats are ALWAYS goin want paper.
4) Research the actual prices, so u know what you can haggle.
5) BE REASONABLE in working the deals! Take a $150 new book ($100 used), and offer to give them $90-110 ($60-75) out of pocket if they buy in on their BV. Don't say nothin crazy like "a $150 book for 35 in cash"....they might laugh in your face
Trust me on this one. My last three semesters, I stopped getting Book vouchers, and bought an average of $650 in books, paying only $150-250. No BS. It's called capitalism...A.K.A. my 'Cassidy' game.
i was actually going to get a credit card to try and establish credit. my dad retired and he is a Vietnam veteran so the gov pays for ALL of my school, books, housing and tuition they also put 900 in my pocket just so i dont have to work plus i get some of his social security. i think i am in okay standing financial wise but how would you go about gettin a credit card. ive looked online and seen interest rates between 9% and 15%.... 15 seems high to me.
what is a credit card company some of you might recommend and what do you consider a resonable interest rate to be?
um lets just say i was born very late... my dad isnt as old is what u may think but 56 yes. a little young to retire but it worked out. my brothers and sisters were born in an appropriate time. but hey i benefited from being born late. :grin:
I don't plan on ever getting a credit card...just debit...
and you don't need a credit card to build credit...that's a myth...I have a whole notebook with financial tips ...
I'm taking finance right now and it's not a myth. A credit card can be helpful. My professor told the class that you can build credit by going out and putting at tank of gas on the card at least once a month, then pay it off in full every month. It will take about two years but, it's a way to build it up. If any of ya'll have Personal Finance courses at your school like Hampton does, take it. I'm learning so much and you'll need it unless you have a book like Sir ThunderBonez, which "explains" everything. It helps to have instruction from someone who has been out there. My professor is a CPA which helps because he's not just some one telling you about taxes and whatnot.
I don't plan on ever getting a credit card...just debit...
and you don't need a credit card to build credit...that's a myth...I have a whole notebook with financial tips ...
I'm taking finance right now and it's not a myth. A credit card can be helpful. My professor told the class that you can build credit by going out and putting at tank of gas on the card at least once a month, then pay it off in full every month. It will take about two years but, it's a way to build it up. If any of ya'll have Personal Finance courses at your school like Hampton does, take it. I'm learning so much and you'll need it unless you have a book like Sir ThunderBonez, which "explains" everything. It helps to have instruction from someone who has been out there. My professor is a CPA which helps because he's not just some one telling you about taxes and whatnot.
I never said it wasn't helpful...I just said it's not NEEDED to build credit...alot of people seem to think otherwise...but yea...learn how to manage your money...because if you don't someone else will...
I don't plan on ever getting a credit card...just debit...
and you don't need a credit card to build credit...that's a myth...I have a whole notebook with financial tips ...
I'm taking finance right now and it's not a myth. A credit card can be helpful. My professor told the class that you can build credit by going out and putting at tank of gas on the card at least once a month, then pay it off in full every month. It will take about two years but, it's a way to build it up. If any of ya'll have Personal Finance courses at your school like Hampton does, take it. I'm learning so much and you'll need it unless you have a book like Sir ThunderBonez, which "explains" everything. It helps to have instruction from someone who has been out there. My professor is a CPA which helps because he's not just some one telling you about taxes and whatnot.
I never said it wasn't helpful...I just said it's not NEEDED to build credit...alot of people seem to think otherwise...but yea...learn how to manage your money...because if you don't someone else will...
i thought it is needed now. dont u need credit to make big purchases such as houses and cars. and i know that places are starting to check credit to even just rent things like houses or apartments. (at least on the west coast) so..credit.... i think it may be a wise thing to get.
