Reply to I feel like I am doing money management wrong

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I rent currently, have my car paid off and have no credit cards. I pay for everything from my bank account, I had a layoff last longer than I thought it would so used my savings to cover me while I was looking for employment and am getting back on track now. But I am paycheck to paycheck mostly now with a salary reduction and I think I'm doing something wrong by not having credit cards. Everyone I know says to use the cards to pay bills and then pay off every month. I just don't understand how that's better than just paying the bills directly. [/quote]

-Easier to track money coming in and out (pay CC once instead of multiple small bills)
-Build up your credit
-Rewards dollars/cashback for all CC spending

This is ONLY if you are sure you can pay it in full every month. Do NOT get in the habit of using CC to buy thinks you can't afford. For a true emergency, if you end up with a balance you can open a new card that gives you six months at zero interest. ONLY if you are going to be super responsible and pay everything without paying interest. You send very responsible, so you would be a decent candidate to do this.[/quote]

This is the answer. [/quote]

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