credit and debt
the first piece of financial advice I received
WSA adsense code -->Although my parents both used to work in finance, they actually weren’t that big on financial advice. We had savings accounts as kids, but were not particularly encouraged to save money, and most of the time we didn’t have regular pocket money. Our grandparents lived a few hundred miles away so we didn’t see them regularly, but they used to save pennies for us - I’m never quite sure what used to happen to the money, but I do remember the excitement of counting it all out and splitting it equally amongst us. Amid all this vagueness, one occasion in particular is clear. I remember my mother telling me in the supermarket, that:
“credit cards are fine, as long as you always pay them off in full”
At the time, I didn’t recognise it as financial advice. But, you know, I have always paid my credit card in full (apart from those times that I’ve made a late payment - I’m not very organised), and it’s been a good habit and trait. And I don’t pay off my credit card in full because it’s sensible to do so (even though it is). I pay it off in full without thinking because that’s what you’re supposed to do.
I should probably re-examine some of the other messages that I follow unthinkingly though. Who knows what kind of stupid things I’m doing, just because someone told me as a kid.
Similar Posts:
- credit cards are like alcohol
- additional income: stoozing, or credit card arbitrage
- your flexible friend: share the detail of your credit cards
Tags: Discussion
33 comments for “the first piece of financial advice I received”
Post a comment
subscribe
Excellent advice, Plonkee.
My Dad didn’t want me to get a credit card because he didn’t think I would be able to handle it at a young age. Of course, now I run this little personal finance blog… I still get a chuckle about that.
Great advice and great post. You know it is funny to think about the things we just do because we were told to do it as a kid. Makes me wonder if I should be rethinking things as well, lol.
Great advice but yea one can use credit card for loans at times but short term loans
sorry it got submitted before, I would say that it is better to not pay once then to take a short term loan which have huge APRs.
Sound advice, if ever I heard it.
If we can’t afford to repay our credits in full each month, then the blatant truth of the matter is that we simply cannot afford to buy the items we are buying on them.
Perhaps it’s old fashioned of me to say so, while essentials and things we need is one thing, using a credit card to buy luxuries we cannot really afford is simply walking into a debt trap!
we just do because we were told to do it as a kid. Makes me wonder if I should be rethinking things as well, lol.
Thank you for posting this great blog. The subject is intriguing to me. I hope you post more about it soon. It gave me good deeper insight.
Rhinoplasty los angeles
Breast augmentation orange county
Its my great pleasure to visit your blog and to enjoy your awesome posts here. I like that a lot. I know that you put much attention for these articles, as all of them make sense and are very useful
http://kaoplasticsurgery.com
http://www.benchesnmore.com
Content of the article you write so well, so I benefited from
Here I learned a lot, then I will pay more attention to you
What a good blog you have here. Please update it more often. This topics is my interest. Thank you. . .
Flower Delivery Richmond Hill
Very engrossing theme testament marker your parcel to inspection if you indite author about in the forthcoming.
http://www.mysuite.ro/rent-a-car.html
so amazing!!! this is Ray Ban sunglassesexactly the kind of stuff i am looking for thanks for this
When i first sight the handbagsi deep coach wallets attractive for it. Coach the Coach Handbags 2011 brand screaming conservation and refinement now adeptly woos their younger clientele. Mr. Krakoff once said Coach was about being coach factory outlet young in spirit.
This summer, Nike Sportswear will be from New York, London, Tokyo, Shanghai and Rio de Janeiro, running clubs and enthusiasts introduced five different colors of Nike Free 3.0. Leather synthetic imitation fawn surface so that the dual running Nike Free 5.0 stylish and sophisticated, advanced technology, the classic double-reflection pool lace detail design and make it particularly striking. Running shoes on the iD has a dedicated information and put it ran out of unique free trip, which is for each runner who dream of things, Nike iD tools you will be able to realize this dream. In April 1, 2011,Nike Free Run+3 iD design of this shoe along with the listing page on the same line.
Although the traditional fancy, super-support sports shoes Nike Nike Free Run are welcome breath of fresh air. Although the addition of a thin layer of fabric, but still relatively thin so as ventilation is still a relatively good performance on.I put something similar to the dynamic performance are on here say. Running Nike Free 5.0 or as a whole that is better.FREE series is different from the traditional classification of running shoes there, and his position more alternative, in fact, FREE is not the traditional sense of the positioning of certain types of running Nike Free 7.0. Why do many African marathon runner can run barefoot, not only because they are physically strong, strong ligaments, more importantly, they have the correct running posture.
Coach Factory Outletare incredibly well-known all around the world, and 1 of the preferred designer brands of many men and women. As soon as an individual buys a Coach purse, they usually will not turn to other brands! Though, buyers need to be conscious. Due to the brands popularity, a lot more and far more replicas are becoming designed. In other words, counterfeit items. They may well appear actual, but right after employing a replica for a when, you will notice the difference in top quality.Coach outlet
1992, see step (Camper) in establishing a good brand reputation, decided to move towards international. Starting from the first leg of Europe, see step (Camper) in the UK, Italy, France set up shop. First, however, made a star look at step (Camper) brand is the Japanese tourists, they like the LV-like rush to buy in Paris, London, Milan, see step (Camper) stores. Dazzling than a decade, see step Camper Shoes 2011 have been sold worldwide in 47 countries and regions. In recent years, see step (Camper) also to develop the Asian market. Now see step (Camper), five in China special stores, located in Beijing and Shanghai. This kind of detail is a delight on the foot and the kind of detail that gets people’s attention. Camper has that ability – they are classic and elegant but they will get noticed.
Particularly the new upper design for the foot to provide greater support, flexibility, breathability and comfort. FREE family always has the effect of stunning natural gait as ever, in the end by the PHYLITE lines with curved slot to build a strong return to the gallop of Nike Free 5.0 a sense of pure, keen to create unprecedented flexibility, while at the heel and forefoot add craftsmanship raised points of rubber to create exceptional grip and control to help you easily conquer all venues demanding challenges.Today, NIKE FREE not only applied to male and female models of training Nike Free TR were the same also applied to the basketball shoes of preparation.
Thank you for making such a nice website.
cool,this is good site,i’ll recommend this to my friends
Dream what you want to dream; go where you want to go; be what you want to be, because you have only one life and one chance to do all the things you want to do.
moncler women vest will let you to be as striking as possible and become the most fashionable person in the eyes of other people Moncler outlet with the highest quality will be the best choice for you to choose.
Moncler Men Vesthas certainly continued in the top of the fashion world can entered into people’s heart easily. So you should take action to possess them.
If we can’t afford to repay our credits in full each month, then the blatant truth of the matter is that we simply cannot afford to buy the items we are buying on them.
Perhaps it’s old fashioned of me to say so, while essentials and things we need is one thing, using a credit card to buy luxuries we cannot really afford is simply walking into a debt trap!Giubbini Moncler
moncler it
Today ?i look this article i find that it is a good .YOU are so great.
OK?you have done well ?great you can write so beautiful ?thank you
Sand Ugg 5300 Boots are produced from sheepskin suede. Like all suede,moncler jackets women it is susceptible to consuming consuming water stains. consuming consuming water areas will leave in the rear of the unbelievably slight discoloration the moment in time they dry-slight,moncler jackets women sale but noticeable in comparison using the undamaged suede near to to it. The Ugg shoe’s strengths are warmth and comfort, not athletic support. The lone is gentle and supple, with out any inside shank. even in spite of the fact that cozy indoors,moncler jackets cheap the pretty slender and versatile soles of them are not suited to hiking higher than rocky terrain. Suede could be extremely effortlessly stained, and grass stains are notoriously fast to collect and advanced to rinse out.moncler men jackets No wonder that it is severely a terrific offer much less pricey on assortment than in stores.
Welcome To Christian Louboutin Store! Happy Shopping Online!!
Manolo Blahnik Sale a partner who Mmanolo Blahnik boots sale values and passion and who Under the ownership of discount louboutins the private group Jimmy Choo will concentrate on expanding its presence in continental Europe, the US and Asia.
555yxj
I like this post very much, You have defined it very simply for so I understand what you say, In this post your writing level is also excellent to us. This is great issue you have done on this topic really very well.