Should I Get A Credit Card? Before You Do, Watch This First!





Having a credit card is seen as a bit of a “rite of passage” isn’t it? When I turned 18, I was offered a credit card as part of my student account package with my bank. I thought it was the most amazing thing ever!

The problem was, I wasn’t taught about how it worked. And would I have even listened? I don’t know, but I didn’t bother to find out, and so began my slippery slope into debt.

I don’t want you to make the same mistake – and if you have kids, make sure they don’t either.

What To Consider BEFORE Using A Card

There are several things you should consider before taking out a credit card. Like why do you want one? Is it because you are planning a big purchase and looking to do it on a 0% card so you can pay it off interest-free, or is it because you are looking to improve your credit score?

Did you know that you don’t actually need to take out a credit card? You could try a savings plan like LOQBOX and build your credit score up that way instead. I’ve tried it out myself and its easy to set up – just make sure you follow the process at the end when you are wanting to take your money out so you don’t incur any fees.

Also think about the debt load you might already be in. Are you getting another card to transfer a balance over? Did you know that this soon adds up in fees? Why not try consolidation instead? It might be better over the long-run for you, and at least you’ll have a fixed amount to pay back every month.

Watch the video below for more tips on what to consider. I would love to know what you think in the comments below.

For Those Who Like To Watch Video:


Other Resources You Can Try:


9 Reasons Not To Get A Credit Card This Year

Going To University? Don’t Forget To Add These Things To Your Budget

These 8 Symptoms Suggest You Have A Debt Problem (And What To Do About It)

Until next time!

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