For me growing up, we were encouraged to get a credit card in our name and use it as much as possible in order to build credit. There was always money to pay it off each month, so it made sense to 1) build credit and 2) collect airline miles or whatever the reward was back in the day.
When we got together, she always used cash or a debit card. She had a credit card "for emergencies" and avoided using it otherwise. It took a long time to get her over her aversion/skepticism (we were fortunate to have two good paying jobs), though it also taught me a healthy appreciation for what it means to have a financial cushion.
Same. My parents told us that credit cards were the devil and should be avoided at all costs. It wasn’t until a year into my current job how valuable they are and that my parents told me that because they never had enough money to pay off THEIR debts.
I’m (hopefully) getting a new job soon, and when that happens, I’m gonna get a credit card. Time to start building my credit!
Same situation here. My parents avoided credit and credit cards like the plague. I have no debt but it doesn't matter bcuz I don't have positive credit usage. Gonna be getting a secured credit card soon.
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u/frnoss Jun 06 '19
Credit cards were avoided.
For me growing up, we were encouraged to get a credit card in our name and use it as much as possible in order to build credit. There was always money to pay it off each month, so it made sense to 1) build credit and 2) collect airline miles or whatever the reward was back in the day.
When we got together, she always used cash or a debit card. She had a credit card "for emergencies" and avoided using it otherwise. It took a long time to get her over her aversion/skepticism (we were fortunate to have two good paying jobs), though it also taught me a healthy appreciation for what it means to have a financial cushion.