Establishing credit as a youngin'? | Wall Street Oasis

I don't understand how hard it is to own a credit card and use it responsibly. It honestly BLOWS my mind that people think they can charge things to the card and not be able to pay for it in full by the end of the month. Unless you fall into hard times and HAVE to pay for something urgent, like medical bills or whatnot, there simply is no fucking excuse to have shitty credit and credit card debt.

I opened a credit card when I was a freshman in college in 2007 and paid it off FULLY each and every single month. It's just common fucking sense that you can't spend more than what you have/make.

I almost never ever carry cash and use my credit card for all my purchases whenever possible, which is pretty much everything I ever buy. I have excellent credit (750+) and my credit limits are pretty damn high.

When I hear my friends say they're scared to use one and only use debit cards, I just don't understand how they can rationalize this. These are smart kids too.

Fucking get a credit card, use it, and pay it off in FULL every month. How hard is that?!

I don't care how smart you are, how much money you make, or anything. If you can't handle a credit card responsibly, you are fucking retarded. It's not rocket science.

There is absolutely no freaking way I can fuck myself by charging so much to my credit card to extend a lifestyle that would crush me were I to lose my job because I live below my means, have saved up a good chunk of change, and USE MY CREDIT CARD RESPONSIBLY!

OP: get a Visa/Mastercard and use it for necessary purchases and pay it off in full every single month. Once you graduate and land a job, get an Amex. Those things are fucking amazing when it comes to purchase protection, warranty extensions, fraud protection, everything!

Because of this goddamn recession and the credit crunch, it's going to be so much more advantageous and important to have 'EXCELLENT' credit. Start early, aka, NOW.

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