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[quote=Anonymous][quote=Anonymous][quote=Anonymous]You MUST always pay it off in full, unless you want to have real trouble come your way. We no longer use credit cards but if you are determined to, just charge one or two expenses each month - something predictable like the cable bill or some other regular, reoccurring expense, so you can budget for it. Then pay it off in full every month without being late.

Use cash or debit cards for things like groceries, eating out, entertainment, etc. so you can keep a budget and stick to it. With credit cards, it's just way too easy to spend more than you intended.

FWIW, I think this is a dangerous road. Be very careful. So many people have charged their way into serious debt, and all they have to show for it is a history of dinners out, movies, and things they wish they hadn't bought. Be wary. Good luck OP.[/quote]

Op here. I appreciate this advice very much. As of now, I only use it to fill up the gas tank about twice a month and pay it off in full. May I ask you though, what do you do to build your credit? Mind you, I have nothing in my name. Not a car, not a house, etc.[/quote]

Hey OP, I'm the person who posted this. I don't worry about my credit score - it's just a measure of how much money you borrow, not how much money you have. I don't put any stock in it (and I've purchased five houses in the last 12 years). As a landlord and don't put any stock in it either - if a tenant showed up with a score of 0, I'd be happy to rent to them. I look for bankruptcies, foreclosures, and criminal record.

I admire your desire to be more financially savvy. Please check out DaveRamsey.com for some great advice on money and finances in general. I follow his advice about 98%. Ignore the Evangelical tilt and read it for the financial info - it's worth it, I promise. Good luck to you OP![/quote]

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