I have no credit as it is. I do have a credit card but have not used it for fear of getting out of control with my spending. A buddy told what he did was to make a large purchase and pay it off steadily over time, treating it like a small loan to huild credit. Is this a good plan? I am too afraid that I will get out of control if I allow myself to use credit for every day purchases, but if I treated it like a small loan I could plan for the payment each month and put the money aside ahead of time. My question is whether this will hurt me in tbe long run. I want to build credit so I can buy a car at a reasonable interest rate and eventually move out of my parents house, but I'm not sure how to go about it. I don't remember much from high school finance class and am borderline financially illiterate.
Sorry if this post seems a bit ramble-y, my blood sugar is low so I'm sitting down with a glass of soda to get it back up.
Submitted November 29, 2018 at 06:46PM by Samael94 https://ift.tt/2ABKP8D
