Hey y’all, I posted here a few days ago and got great responses so I thought I’d post again.
Anyways, someone gave me the idea of saving all of my paychecks (I make about 400$ every two weeks) and getting a credit card (the card I plan on getting is the discover student card through amazon. Credit starts out at 750$, so I make more than enough to pay it off if I somehow hit my limit.)
I don’t pay any expenses at the moment besides buying my own food (I don’t like to eat much, and I can make 10$ last a week for food) I’ll have car insurance payments soon as well as paying for gas once I get a vehicle, altogether I spend maybe 200$ a month, and I could cut that way way down.
The idea would be to not to touch my paychecks and put every penny I make away while using the card and paying off the balance I owe with the money I save. Since I spend so little I could feasibly also build my savings this way.
I understand and am willing to do some hardcore budgeting to make this work until I can get my credit score up there. Am I stupid or no? Any advice, options, reference material or other ideas to build my credit is GREATLY appreciated!
Submitted October 16, 2018 at 05:23AM by farleymfmarley https://ift.tt/2yFagVV
