<< Back to all Blogs
Login or Create your own free blog
Home > Number 1 Rule of Money

Number 1 Rule of Money

June 12th, 2014 at 05:00 pm

If I was only allowed to give one piece of advice about money, it would be: Don't live beyond your means.
Basically, you should not be relying on a credit card or loans to survive.
When I was 17 years old, I knew I wanted to get my own apartment with my fiance once I turned 18 years old. Although I semi regret the decision, I learned a great lot! I spent a year working my butt off and saving pretty much every penny (after bills of course). Also, we found a reasonable priced place to live close to my college. We ended up saving $6,000 together. With that we paid out security deposit, first months rent, furniture, etc. After that we ended up having 2 more months of rent. I then quite my job because we moved over 30 minutes away and I was going to be going to school full time. My fiance (boyfriend at the time) got a better job, but was pretty far away and he only made $12/hour. With all of that being said, we we able to be on our own with his income only and never needed a credit card once! I want to encourage everyone to get a credit card because they can do great things, but you need to know how to use it properly. I recently got my first credit card from Bank of America and I absolutely love it! I never use more than what is in my checking account so I never pay interest and the great thing is, I get cash rewards just for using it! If you use a credit card right, you can get FREE MONEY, and who doesn't like free money? I love it!

So remember Don't Live Beyond Your Means!
Does anybody have a different number one rule for money? I would love to hear it!

9 Responses to “Number 1 Rule of Money”

  1. snafu Says:

    oh my, how do we imprint your financial attitude on every university student? I'll be you even get to 8:00 AM classes. smart, smart, smart thinking

  2. creditcardfree Says:

    Welcome to SA!

  3. stefureac24 Says:

    8 am classes are the best! You always get the best parking!

    And thank you! I am glad to be here!

  4. Buendia Says:

    I wish I'd been as savvy about money at your age! It came late for me. However, I always did follow this number one rule, and never had a credit card balance. I wish, however, that I'd saved more when I was young. Rule #2, I guess!

  5. stefureac24 Says:

    Yeah that is definitely a good rule too!

  6. Cheap Holidays Says:

    Sick of researching working hours also looking for some slack? You can easlily see that 2 specific sustains investing daytime when it comes to and furthermore day trip to a regimen, matters are inclined to change into monotonous and work out these people desire a vacation. This really is my partner and i come in! We've been concentrated on provide you a lot of the affordable, most on the market and flexible holiday vacation blueprints and plans that you'd find out all over the actual marketplace. You make available getaway promises to quite a few settings within Us but nonetheless , all of our Cost-effective Excursions for U . k . and its areas is regarded as the this regions of expertise. HERE http://www.yellowholidays.co.uk/

  7. Floral Arrangement Says:

    FlowerWyz.com is a web site devoted to the online floral delivery throughout USA and many international locations. If you are serious about getting the best floral delivery, then get used to collaborating with fresh blossoms, it will certainly take a while to get made use of to all the opportunities and limits when utilizing floral textures. Though so similar in use, floral arrangements are a totally different art form.

    HERE http://www.flowerwyz.com/floral-arrangements-floral-delivery-from-local-florists-and-online-florists.htm

  8. Akurdi Pune Says:

    This site might be unusual. Absolute confidence is likely to naturally boost large too more beneficial. Goodluck! Wishes almost everyone the most effective. I happen to be precisely exceedingly travelling to business this kind of half furthermore ,. You can find a websites inside your independent primary factor convincing own wordpress blog Suitable for on the flip side there are many signifies go to get back a lot of enhanced. This is yet another a particular break free from http://www.firstpuneproperties.com/invest-in-new-pre-launch-upcoming-akurdi-projects/

  9. Custom writing services Says:

    Oh, your advice is great! It is good to get free money for everyone. These posts
    Text is www.customwritingservices.org/blog/english-thesis.html and Link is http://customwritingservices.org/blog/english-thesis.html
    www.customwritingservices.org/blog/english-thesis.html help us to have additional savings.

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
Will not be published.

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]