[quote]Brother Chris wrote:
Remember: the key to freedom is not getting into debt and having money in the bank. Don’t take out a credit card. Save up a few months worth of living expenses to avoid having to go the credit route if you lose your job. Save up a predetermined amount first, THEN use it to get things. For example – Tell yourself that you’ll put $1000k in an emergency savings account, then you’ll reward your self with an iPod or whatever.
Another thing - think carefully about everything you buy. Don’t spontaneously splurge on one thing, then realize you need/wanted a different one, effectively buying the same thing twice. Example: don’t buy a cheapo mp3 player to save money when you’d really like an iPod Touch. Just save up, get the thing you really want, then use it until it wears out.
As for retail work, a big smile, allowing customers to save face, being reliable, and going a little above and beyond your normal obligations will set you apart from the rest.
EDIT: just saw your post after I posted.[/quote]
Credit cards are valuable tools.
P.S. Get a sales job if you are going into ‘retail’ you won’t hate yourself so much. Otherwise having an open ended job makes you feel like shit. You are getting paid the same amount of money but doing more work and it won’t seem like your manager cares about you.[/quote]
Credit cards are tools like guns are tools. Useful in the hands of the right people for the right purposes, but a lot of people shoot themselves in the foot or blow their brains out staring into the barrel.
I never recommend someone get a credit card before they have a substantial savings. The first time the road gets bumpy, the card is used, and that is the worst time to use them. Then it starts a cycle of not being able to stay ahead.
With a better paying job than the Vitamin Shoppe or a healthy savings, then sure, get a credit card and pay your bills with it, then pay it off. A regularly paid, never late credit card does nice things to the credit score and the reward points can be pretty sweet.
(I feel like I am telling a child that it’s OK to smoke pot as long as they do it responsibly).