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Rethinking This Credit Card
About 8 months ago I got my first credit card with a relatively low limit. It was fine - I didn't plan to use it to make big purchases. I just wanted to establish credit early on.
I would buy things, then go home and immediately pay the credit card bill for that balance at home. It was a good system because I never bought things with the credit card that I didn't have the cash to buy.
Unfortunately, this past summer, I thought I'd get a job really easily, so I started buying things I didn't have the cash for, assuming I would get a job. I actually did get a few jobs, but through random, stupid circumstances, none of them stuck. I was always able to pay my bill, but I just ended up using way more than I wanted, especially since my credit limit increased.
Now, I keep my credit card at home and I'm paying it back bit by bit. I don't have a huge amount left to pay back and I have a job so I am able to pay it back on my own, but just knowing what I did with it makes me wary of having it anymore. Once I get it all paid back, I probably won't use it at all. Maybe I'll do what I did before - just buy stuff with it that I have the cash for, but I don't even want to do that!
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| Average Grade: A- |
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