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by keithold is a prodigal bagger on October 6th, 2007

keithold is a prodigal bagger

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What should young people learn about credit cards?

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  • by tamarakh is ready for a vacation on October 6th, 2007

    tamarakh is ready for a vacation

    First and foremost:

    ........

    IT'S NOT FREE MONEY. Wait wait, what was that? Oh yeah....IT IS NOT FREE MONEY. It's so easy to think "hey, they gave me a $2500 line of credit, I'm gonna go get a new HD tv!"

    Then the bill comes, and you have to pay it back..and if you don't pay it all back at once, you have to pay FEES for not paying for all of it. It's not free, it's not yours, and it's not a gift. That's the main thing :)

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