Are you a saver or a spender

[wawenka]

Both lol. I’m trying to improve my spending habits and have gained some ground and become a lot more responsible. At least, I’m pretty good at saving too. 36k in two years is goals af.

In the last two years my credit score has gone through the roof (it was rock bottom ) and I no longer get overdrafts like I used to. Now I have cards I never would’ve imagined being approved for. Don’t just save, build your credit. Credit is everything.

Do you Always pay off your credit in time

 

[VixR]

Do you Always pay off your credit in time

Yes, you have to, or you’ll get charged interest (after the introductory period,which is usually 12-18 months).

To start: Get a credit card that reports to all bureaus, and if your credit is super bad or you have no credit history put 1k down (or less, but that’s a decent amount to keep you in line for a beginner imo) on a secured DiscoverIt card. Assign some bills to the card and pay in full every month. The myFico forum is a really good resource btw.

 

[wawenka]

Yes, you have to, or you’ll get charged interest (after the introductory period,which is usually 12-18 months).

To start: Get a credit card that reports to all bureaus, and if your credit is super bad or you have no credit history put 1k down (or less, but that’s a decent amount to keep you in line for a beginner imo) on a secured DiscoverIt card. Assign some bills to the card and pay in full every month. The myFico forum is a really good resource btw.

Thanks for the advice but Dont Think im intrested I been handling cash since i was child its a bit odd in this day and age but 90% i use cash

 

[VixR]

Thanks for the advice but Dont Think im intrested I been handling cash since i was child its a bit odd in this day and age but 90% i use cash

Why? It should honestly be the exact opposite if you live in the West.

 

[wawenka]

Why? It should honestly be the exact opposite if you live in the West.

your right

 

[Emily]

Both lol. I’m trying to improve my spending habits and have gained some ground and become a lot more responsible. At least, I’m pretty good at saving too. 36k in two years is goals af.

In the last two years my credit score has gone through the roof (it was rock bottom ) and I no longer get overdrafts like I used to. Now I have cards I never would’ve imagined being approved for. Don’t just save, build your credit. Credit is everything.

I got the capital one security credit card about a year ago and it really helped raise my credit score. About a month ago I applied for American express and was instantly approved for high credit limit..shit I still can’t believe it.

 

[VixR]

your right

Take it slow. If not for credit, the whole framework we live in would be impossible. If you’re responsible with credit, it’s a strength.

I got the capital one security credit card about a year ago and it really helped raise my credit score. About a month ago I applied for American express and was instantly approved for high credit limit..shit I still can’t believe it.

My parents taught me better, but I blew it with my first credit card and trashed my credit. I got a secured DiscoverIt a couple years ago, and after a while they made it unsecured and sent me the 1k deposit. I watched AskSebby on YT (he does some concise reviews on credit cards) and decided to apply for a Chase credit card and got approved for a crazy amount. I’m almost up to an 800 credit score now, which is great bc I want to get into property in the next couple years, maybe buy a duplex/fourplex or condos.

 

[wawenka]

Take it slow. If not for credit, the whole framework we live in would be impossible. If you’re responsible with credit, it’s a strength.

My parents taught me better, but I blew it with my first credit card and trashed my credit. I got a secured DiscoverIt a couple years ago, and after a while they made it unsecured and sent me the 1k deposit. I watched AskSebby on YT (he does some concise reviews on credit cards) and decided to apply for a Chase credit card and got approved for a crazy amount. I’m almost up to an 800 credit score now, which is great bc I want to get into property in the next couple years, maybe buy a duplex/fourplex or condos.

@VixR truth is the main reason we somalis don't prosper in europé and in the west in general is beacuse we dont participate in intrest driven commere such as the property market you are speaking of. Growing up People Always use to ask why we somalis don't have any assest were we reside. Nor a strong work ethic

 

[Jiron]

I have always been a saver but I am now trying to be a spender, it’s really hard because I still end up saving while I am spending it’s like muscle memory. I have this fear that if there’s ever a tragedy, I don’t want to rely on someone else as I have been making my own money since I was in middle school.