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Millennial checking in: I don't have a credit card, just got rid of overdraft on my regular bank account and have a line of credit. Once I pay off the LOC I'm n
by ng-user 10y ago
Millennial checking in: I don't have a credit card, just got rid of overdraft on my regular bank account and have a line of credit. Once I pay off the LOC I'm never using credit again unless it's an invest that will pay itself off, ie. a (successful) business, real-estate, etc.
- libraryatnight 10y agoI'm of a similar mind. I sort of resented the tone (that might have been perceived) in the article that not using a credit card is some kind of marker of a financial dummy or irrational paranoid. I pay cash for everything. I have a stable checking account, savings account, and several investment accounts that has my money working for me and growing. I'm completely aware of what the credit cards offer and I don't think it's valuable to me or my goals. The only credit I want in my future is potentially a home and if I can make that happen in cash, I will, or at the very least a down payment that keeps the credit line realistic to pay off before I'm senile.