All good advice so far!
Pretty much 2manyholes, network dude & GMan 420,
have already said what I was going to say.
My father always said, "Don't ever fall into the credit card trap!
They will be the ruination of the country!" He was pretty smart!
We haven't had any since the interest rates were 2.5% & 5%,
& interest was deductible, so you know that was a while ago!
It's all a big lie! You don't NEED one, it's not a necessity!
We have gone on vacation, reserved hotel rooms,
purchased airline tickets, even overseas ones, without any!
What you can't use a debit card for, which is very few things,
you can purchase a preloaded one for!
We got one from AAA to travel with, just in case.
Live within your means! If you don't have the cash, wait until you do!
There is nothing that will give you the sense of peace & security,
that having financial freedom will!!!
When my grandmother died, we bought her house.
It wasn't fancy, but we got a good deal on it!
And there was enough equity in it, that we didn't need a down payment!
It was in 1983 & the interest rate was 11.25%!
Later a local bank was running a 5 year special on mortgages for 6.25%.
Because we had been thrifty, we were able to qualify & paid off our house in 5 years!
And that was on one income, because I stayed home with the kids!
That way if something unexpected happens, you always have equity in your house to use!
If/when you get married, never live on both incomes.
As much as possible, only count on one income.
That way, if one of you suddenly becomes unemployed,
you won't lose everything!
You would be surprised how many things you don't NEED!
My great grandmother used to say..."Do you NEED it, or do you just WANT it?"
Unfortunately, our society has become one of instant gratification!
Don't worry about what other people have, most of them are in debt up to their wazoo!!!
Avoid negative people, they will suck the life out of you!
As much as possible, surround yourself with positive, like minded people!
My biggest regret is thinking...someday, when I have time, I'm going to...
I wish I would have made the time, because life marches on,
people move away, pass away, kids grow up...
Savor the little moments, they will seem huge later in life!
And I wish someone had told me that bad things can happen to good people!
I grew up thinking that if you live your life right & stay out of trouble,
only good things will come your way!
I guess because I was lucky & never saw bad things happen growing up.
It was a real shock when reality struck the first time!
So, in a nutshell...Ooops, kinda too late for that!
Enjoy every moment, keep a journal, be independent,
lend a helping hand when you can, love unconditionally, but don't be naïve!
Some golden nuggets I have seen here on ATS:
"Life is not measured by the number of breaths we take,
but by the moments that take our breath away!"
"People won't remember what you say,
people don't care what you have done,
But they will never forget how you made them feel!"
"Be who you are & say what you feel,
because those who mind don't matter,
& those who matter don't mind!"
"Life should not be a journey to the grave,
with the intention of arriving safely, in a pretty & well preserved body,
but rather to skid in broadside in a cloud of smoke, thoroughly used up,
totally worn out, & loudly proclaiming, "Wow! What a ride!!!"
Enjoy your journey!!!
edit on 4-3-2014 by wasobservingquietly because: (no reason given)