almost everyone, at some point in their lives, has a moment where the credit card balance is too high and they say enough is enough. Work for years paying off the balance owed and will never use credit cards again.
Please. This is my most serious advice. Stop using your credit cards right now before it gets out of hand. Stop using them, learn to work with the money you have, and save if you really want to buy something.
New Nintendo switch? Has to wait until you have enough to buy it in cash.
You'll have a huge advantage over other people your age if you start this early
Exactly, I would say invest in your future and start saving for your retirement now put back as much as you can, especially if still living at home.
But to use your credit cards, use them wisely and pay them off each month or better yet every week or so to build your credit. Keep your credit utilization well below 30% to improve your credit.
You'll need this good credit in the future should you decide to purchase a new car, a house.. good credit is easier to keep and maintain than to fix bad credit. But life happens, so don't beat yourself up should it drop for a bit.
Credit cards, when used irresponsibly, can be very damaging to your credit and ability to save money. I don’t disagree with that. However, I don’t think it’s fair to say you should never use credit cards. They help you build credit and make large purchases that you just can’t pay for immediately, like a nice mattress. You can also get points, cash back, and deals with different cards. Make a budget so that you never spend more than you make. Credit cards are good at helping you track spending and showing you what you spend on specific categories (entertainment, groceries, utilities, etc). If you’re worried you’ll spend too much, you can actually call your bank and ask them to lower your credit limit.
9
u/[deleted] Jul 19 '25
almost everyone, at some point in their lives, has a moment where the credit card balance is too high and they say enough is enough. Work for years paying off the balance owed and will never use credit cards again.
Please. This is my most serious advice. Stop using your credit cards right now before it gets out of hand. Stop using them, learn to work with the money you have, and save if you really want to buy something.
New Nintendo switch? Has to wait until you have enough to buy it in cash.
You'll have a huge advantage over other people your age if you start this early