Yep, this week I got my first credit card! I am ecstatic to have it. Not just for raising my okay credit, but because I needed tires on my car. That was the first thing I did. I went out and got a set of tires. It was nice to see new tires on my car, especially since a week ago my front right tire went flat. I was surprised that the other front tire didn’t go too. They both were warped, overly bald, and had wires showing like crazy. I was lucky to make it as far as I did and for those tires to last as long as they did. Then, yesterday, on the way home from work, I stopped and used the card for a full tank of gas. That is as much as I will use it for until I pay off what I already purchased. I don’t have that high of a limit, but it sure as hell helped! When I do get my taxes back I will go and pay off most of what I spent, excluding the charge for the card itself. That way I will still be able to build the credit up. I am very thankful for this piece of plastic. It has helped tremendously already. Now, we just need to get our taxes and start saving along with our credit building!
Be careful with those things. If I may suggest, check out http://www.daveramsey.com, he offers some great financial planning tools.
I appreciate your suggestions. Yes, I have seen way too many people have trouble with credit cards, but I do not plan on using mine unless absolutely necessary. And even then, I will continue to pay my bill and make sure that the amount used does not get above my monthly payment. I plan on being really frugal and smart with this.
That’s good hear, you have a real plan.