Meet to fuck no credit card ever
We are spending an astonishing £20 million a day using plastic; money which will eventually cost us far more in repayments, thus increasing our debt.A large number of families are using credit cards to pay for essentials, not luxuries – breadwinners are trapped on zero-hours contracts with fluctuating earnings, which don’t make it easy to budget for outgoings.We’re the cautious, relatively frugal section of the population.
Plus, I was underemployed for a period of time after college and made the poor choice of relying a little too much on my credit cards.
My generation, the baby boomers, are largely unaffected.
We’ve paid for our homes and have years of experience at balancing budgets.
That debt is growing at a rate of 55.19 per second. We are putting off owning homes, buying cars, and making babies in record numbers, and queer and trans folks are dealing with this in addition to issues like workplace discrimination, barriers to creating and being respected as families and parents, and overall higher rates of economic insecurity. Additionally, very few of us these days have an actual emergency fund.
So here we are and you are thinking, Here’s the thing, for those of you who are not planning to live off the grid: if you ever plan to own property, get a loan for a car or a piece of furniture or a household appliance, additional school loans or loans for your kids, you need a history of decent credit. If you, like me and like most people, don’t have a few thousand dollars sitting in a bank in case you have a medical emergency or your face explodes, a credit card is not a bad thing to have as an emergency-only back-up plan. Here’s what you want to look for and consider when applying for your first card.