If you pay off your balance before the end of the month, you get to invest other people’s money into your life for free.
I even get free flights and hotels just for paying my bills with a credit card then paying off the card like 3 days later.
As long as you don’t let charges sit for a month+ without paying them off you don’t pay anything extra.
If you have an opportunity to make money but you need to spend money to get started, you have that option as well.
example: I just got an extremly remote, but well paying job. I bought a portable solar panel+battery, a portable freezer, and starlink internet. Couldn’t afford it cash, but because I can afford the investment on credit, I can comfortably take a job that doubled my monthly earnings I otherwise wouldn’t have taken
Its your characterization of people falling into a trap designed for them to fall in as bad with money i take issue with. This opinion can only come from an inability to consider hypothetical situations outside of your particular experience, such as (off the top of my head) an unexpected bill or layoff.
This can not be overcome with “moneysmarts“, unless moneysmarts=having money. Surely if you wanted, you could respond with a hypothetical situation that runs counter to your previous statement?
The smart way I implied using credit is literally only taking the bills you currently pay, pay credit instead and then paying them off with debit a few days later.
If a bill or layoff would financially ruin you on credit like this, it would ruin you even faster without credit.
If you get a decent credit card and that’s literally all you do, your credit score will go up and you can get free airline miles to use on hotels+airplanes. Or get a different card and get some% cash back instead.
Depends, my autopay discounts were on Privacy cards, which I now can’t use. So losing a $20/mo discount becuase no way in hell will I give an actual debit card # or checking info to a company that’s going to lose it in their next breach, nor can I control or cancel them at will.
Probably and I’m perfectly fine with cash or debit only. Screw credit. Just hurts people in the long run
Depends on the person.
If you’re using credit because you don’t have money, then you’re doing it wrong. Credit only hurts people that don’t understand this.
I put everything on my credit card. I also pay it off every month. So it’s only helped me.
At the cost of people who use it the other way
If you’re bad with money, sure.
If you have half a brain you absolutely gain using credit
I hate your opinion but i love your name. You ever drink Bailey’s from a shoe?
How am I wrong?
If you pay off your balance before the end of the month, you get to invest other people’s money into your life for free.
I even get free flights and hotels just for paying my bills with a credit card then paying off the card like 3 days later.
As long as you don’t let charges sit for a month+ without paying them off you don’t pay anything extra.
If you have an opportunity to make money but you need to spend money to get started, you have that option as well.
example: I just got an extremly remote, but well paying job. I bought a portable solar panel+battery, a portable freezer, and starlink internet. Couldn’t afford it cash, but because I can afford the investment on credit, I can comfortably take a job that doubled my monthly earnings I otherwise wouldn’t have taken
Would you mind informing me what was that remote but well paying job?
Sorry I signed an NDA.
Its your characterization of people falling into a trap designed for them to fall in as bad with money i take issue with. This opinion can only come from an inability to consider hypothetical situations outside of your particular experience, such as (off the top of my head) an unexpected bill or layoff.
This can not be overcome with “moneysmarts“, unless moneysmarts=having money. Surely if you wanted, you could respond with a hypothetical situation that runs counter to your previous statement?
The smart way I implied using credit is literally only taking the bills you currently pay, pay credit instead and then paying them off with debit a few days later.
If a bill or layoff would financially ruin you on credit like this, it would ruin you even faster without credit.
If you get a decent credit card and that’s literally all you do, your credit score will go up and you can get free airline miles to use on hotels+airplanes. Or get a different card and get some% cash back instead.
You literally get more for the same money.
Not doing that is bad with money.
Depends, my autopay discounts were on Privacy cards, which I now can’t use. So losing a $20/mo discount becuase no way in hell will I give an actual debit card # or checking info to a company that’s going to lose it in their next breach, nor can I control or cancel them at will.