Many years ago I got myself into trouble with credit cards and I firmly believe that credit card companies should not give credit to young people. Of course not all young people are going to get themselves into trouble, but I’d say more than half will and it’s very hard to get out of debt once your there.

I no longer use credit, but Bill does I think he has 1 or 2 cards, but he only uses them for an emergency and pays them off in a couple payments. He has had a gold Sears Mastercard for a long time and recently they lowered the amount on it which didn’t make sense to me because he has great credit, but maybe it’s because he seldom uses it.

Getting back to me I didn’t just have 1 credit card I had like 10 which I still keep to remind myself of my stupidity, but of course they are no longer active. I did a lot of balance transfers during the time I had all that purchasing power. I would use a lower interest rate card to pay off the higher one and it became a vicious cycle for me.

Most of us live from pay check to pay check and try our best to make ends meet and those credit cards do come in handy, but should definitely be used wisely by mature responsible adults because I’d hate to see anyone get into the mess I created for myself when I was younger.

I have never been great with finances, but I have always managed to survive.