bostonsports
Active member
Haven't seen a thread for this. Anyone have any advice or life hacks to pass along?
I was going to say these same thingsDon't borrow money for anything other than a house or a car. (i.e. if you don't have the money in the bank, don't buy it).
If you use credit cards, it's really important to pay off the entire amount, every month, (and if you don't have the discipline to do that, don't use credit cards).
Start saving for retirement, ASAP (the younger, the better). If your company offers a 401K, put in (at a minimum), enough money to get all of the company matching funds (free money). Invest it in a good (mostly stock) mutual fund.
This is good general advice, especially while building one's credit/career etc. But I think if you are in a good financial position and don't have other debt, it's okay to take advantage of 0% interest deals through the retailer, like Lowes, Bestbuy and the like. If you need a new appliance or something, 24 months zero interest is a nice luxury, you just have to be disciplined and make sure you pay it off.Don't borrow money for anything other than a house or a car. (i.e. if you don't have the money in the bank, don't buy it).
If you use credit cards, it's really important to pay off the entire amount, every month, (and if you don't have the discipline to do that, don't use credit cards).
Start saving for retirement, ASAP (the younger, the better). If your company offers a 401K, put in (at a minimum), enough money to get all of the company matching funds (free money). Invest it in a good (mostly stock) mutual fund.
Don't borrow money for anything other than a house or a car. (i.e. if you don't have the money in the bank, don't buy it).
If you use credit cards, it's really important to pay off the entire amount, every month, (and if you don't have the discipline to do that, don't use credit cards).
Start saving for retirement, ASAP (the younger, the better). If your company offers a 401K, put in (at a minimum), enough money to get all of the company matching funds (free money). Invest it in a good (mostly stock) mutual fund.
This is good general advice, especially while building one's credit/career etc. But I think if you are in a good financial position and don't have other debt, it's okay to take advantage of 0% interest deals through the retailer, like Lowes, Bestbuy and the like. If you need a new appliance or something, 24 months zero interest is a nice luxury, you just have to be disciplined and make sure you pay it off.