i personally think not.
i've always been told to do these things:
1. save your money in case of emergencies and to get the things you want. i've seen my parents pay off their last three cars up front, no financing necessary. they were bought over a span of three years too.
2. keep good track of your finances. i keep an excel spreadsheet of my checking and savings account and correspond it to my statements. is that being anal? more of covering myself, making sure charges come out right, etc.
3. pay off credit cards in full. even if it drains my checking account in half, i'll pay it all off. my credit cards are more like debit cards to me.
4. savings accounts are not meant to be spent except in dire emergency. i'm trying to save up for a car someday and i'm hoping i'll never have to tap that account to pay for my student loans.
5. borrow money? pay it back. asap. set up payment schedule. that way someone doesn't have to hound me about the money i've borrowed. but i've never borrowed money from anyone (well outside of the gov't...) but when i LEND money out to people i expect to be repaid. someday. although reading that thread with the 10k i'm having doubts now. if i ever borrowed money from anyone, i would try to set it up so that i would have enough to pay off my bills and my debts timely each month, even if it means cutting back on some stuff.
6. if i'm going over the bills for the month, i like making sure all the charges are correct. i don't want to pay for some random cable channel i never wanted in the first place.
stop accusing me of being cheap. i'm not being cheap. i'm trying to be financially responsible. i don't like paying 14.99% apr on my credit cards or whatever the hell it is now. just because you've never learned to manage your money and buying random crap that you really don't need means that i'm cheap when i don't wanna pay for dinner again for the 20 millionth consecutive time because you're broke.
btw, i'm 21, in my last year of college, and looking for a job when i graduate in june. i have about 23k in student loans, UNSUBSIDIZED, to pay off when i'm out. good financial habits developed now will hopefully carry over into the future.
/end rant for now.
i've always been told to do these things:
1. save your money in case of emergencies and to get the things you want. i've seen my parents pay off their last three cars up front, no financing necessary. they were bought over a span of three years too.
2. keep good track of your finances. i keep an excel spreadsheet of my checking and savings account and correspond it to my statements. is that being anal? more of covering myself, making sure charges come out right, etc.
3. pay off credit cards in full. even if it drains my checking account in half, i'll pay it all off. my credit cards are more like debit cards to me.
4. savings accounts are not meant to be spent except in dire emergency. i'm trying to save up for a car someday and i'm hoping i'll never have to tap that account to pay for my student loans.
5. borrow money? pay it back. asap. set up payment schedule. that way someone doesn't have to hound me about the money i've borrowed. but i've never borrowed money from anyone (well outside of the gov't...) but when i LEND money out to people i expect to be repaid. someday. although reading that thread with the 10k i'm having doubts now. if i ever borrowed money from anyone, i would try to set it up so that i would have enough to pay off my bills and my debts timely each month, even if it means cutting back on some stuff.
6. if i'm going over the bills for the month, i like making sure all the charges are correct. i don't want to pay for some random cable channel i never wanted in the first place.
stop accusing me of being cheap. i'm not being cheap. i'm trying to be financially responsible. i don't like paying 14.99% apr on my credit cards or whatever the hell it is now. just because you've never learned to manage your money and buying random crap that you really don't need means that i'm cheap when i don't wanna pay for dinner again for the 20 millionth consecutive time because you're broke.
btw, i'm 21, in my last year of college, and looking for a job when i graduate in june. i have about 23k in student loans, UNSUBSIDIZED, to pay off when i'm out. good financial habits developed now will hopefully carry over into the future.
/end rant for now.
Facebook
Twitter