Comments on: College Money Tip #9: Establish Credit http://poorerthanyou.com/2009/02/13/college-money-tip-9-establish-credit/ Money issues for college students and 20-somethings, without being boring. Wed, 08 Feb 2012 11:22:41 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Stephanie http://poorerthanyou.com/2009/02/13/college-money-tip-9-establish-credit/#comment-71311 Stephanie Thu, 19 Feb 2009 20:14:09 +0000 http://poorerthanyou.com/2009/02/13/college-money-tip-9-establish-credit/#comment-71311 @Nate - a debit card has a lot of advantages, including the inability to get into debt. Although research shows it might have some of the same psychological effects (on some people) as a credit card, that <a href="http://poorerthanyou.com/2007/10/12/do-we-spend-more-when-we-use-swipe-plastic/" rel="nofollow">makes some people spend more with plastic than actual cash.</a> And, for the purposes of this article, it should be noted that a debit card will not help you built a credit history. @Nate – a debit card has a lot of advantages, including the inability to get into debt. Although research shows it might have some of the same psychological effects (on some people) as a credit card, that makes some people spend more with plastic than actual cash. And, for the purposes of this article, it should be noted that a debit card will not help you built a credit history.

]]> By: Nate http://poorerthanyou.com/2009/02/13/college-money-tip-9-establish-credit/#comment-71305 Nate Thu, 19 Feb 2009 18:08:43 +0000 http://poorerthanyou.com/2009/02/13/college-money-tip-9-establish-credit/#comment-71305 I perfer to use a debit card - that way I am less tempted to over spend. I also keep a STRICT budget. What ever you do, never pay your credit card late. I perfer to use a debit card – that way I am less tempted to over spend. I also keep a STRICT budget. What ever you do, never pay your credit card late.

]]> By: Elmer http://poorerthanyou.com/2009/02/13/college-money-tip-9-establish-credit/#comment-71295 Elmer Thu, 19 Feb 2009 16:09:37 +0000 http://poorerthanyou.com/2009/02/13/college-money-tip-9-establish-credit/#comment-71295 It's easy to get addicted to using credit cards while it's difficult to get away with them. So the practice of using cash when making payments should not be outdated. It’s easy to get addicted to using credit cards while it’s difficult to get away with them. So the practice of using cash when making payments should not be outdated.

]]> By: Howard http://poorerthanyou.com/2009/02/13/college-money-tip-9-establish-credit/#comment-71261 Howard Thu, 19 Feb 2009 06:58:11 +0000 http://poorerthanyou.com/2009/02/13/college-money-tip-9-establish-credit/#comment-71261 Great tips listed here! Luckily, my parents had excellent credit and they opened a joint account with me so that I could share their credit score. I've been avoiding massive credit card usage (it's so easy to spend money I don't have) so I've been focusing on making a few purchases via credit and buying everything else with cash. Great tips listed here!

Luckily, my parents had excellent credit and they opened a joint account with me so that I could share their credit score.

I’ve been avoiding massive credit card usage (it’s so easy to spend money I don’t have) so I’ve been focusing on making a few purchases via credit and buying everything else with cash.

]]>