(no subject)

[hopefulnebula]

Had a nice chat with my mom this morning about some logistical college stuff. Namely, credit. We'll hold off on a credit/debit card decision until we talk with the people at the bank, of course, but I'll def. be needing a checking account.

Comments

[mabapunta.livejournal.com]

Credit cards definitely equal not good. And I don't think you can go crazy with a debit card...at least over the amount of money you already have...so they're good, imo. Yeah. My two cents. For no apparent reason. mmm enjoy.

[catguy.livejournal.com]

Credits cards only equal not good if the credit card holder is financially irresponsible. But I do agree that debit cards have the advantage of simplicity, if only for the fact that you don't have to worry about credit reports and mailing money out on time (I hope my un-asked-for advice isn't too bothersome, heh).

[hopefulnebula]

Hey, advice is good. :P The only reason I'd want a credit card is to establish some credit now and make things easier for me later.

Credit cards

[zogblog.livejournal.com]

Credit cards and college students don't mix. The credit card companies will CONSTANTLY come after you to get you to get one of their cards. One of the problems is that the cards that they shove down your throat are so high in interest that it's not worth it to get them anyway.

Re: Credit cards

[grimprime.livejournal.com]

*Puts on finance graduate hat*

I'd recommend you not get a credit card as well. While the idea of increasing your credit rating looks good, in reality 3 or 4 years isn't going to make that much of a difference in the long run, and the interest charges probably will be stupidly high. With a debit card you'll have a fixed limit (i.e. how much money you've got) and should encourage you to budget (which I'm sure you do anyway), which, from a pseudo-professional point of view is a very good thing.

*takes of hat*

I would like to add the minor caveat that I know nothing about the American credit card system, so you shouldn't take my word as gospel. In the long run, the only person who can make the decision is you.