Lastly, good credit history will build for your over time. Rules to keep in mind now is to always pay on time and stay under your limit by using no more than 30% of your credit limit with less usage being even better,
Interesting post. We don't have a credit system like that here in Ireland but the theory is the same. Be smart with your money and don't get behind with your loans.
I find it very important to not spend much money and not have any debt. The best way is to find ways of earning a little extra on the side to fund the fun purchases and keep your wages for the big stuff.
Agreed! Saving up for the big stuff helps a lot! I think this speaks to "delayed gratification", it's hard to wait but it gives a sense of pride that you got X item you really needed with no need of a loan, just straight cash.
I recently bought a car in cash (2016, used). Of course, I did save for 2.5 years but I skipped the loan hassle and any warranty upsell. Bing, bang, keys in hand and no fear of debt or having to pay anyone. It was mine, clean and clear.