Should I get a store credit card for the discount?
Every time I check out at a store they offer me 15% off if I sign up for their store credit card. The discount is tempting. Are store credit cards a good idea? What's the catch? Do they hurt your credit score? Is the one-time discount worth opening another account I'll probably forget about?
Sign in to message the asker.
3 Answers
I'm not a financial advisor but I've learned a lot from personal experience. The most important thing is to start early and be consistent. Even small amounts add up over time thanks to compound interest. Don't try to time the market.
The biggest financial mistake I see people make is not having an emergency fund. Before investing, before paying extra on debt, save 3-6 months of expenses in a savings account. This protects you from going into debt when unexpected things happen.
Make a budget and actually stick to it. Boring advice, I know, but it works. The envelope method helped my family — cash in labeled envelopes for groceries, gas, fun money. When the envelope is empty, you're done spending in that category.
Sign in to post an answer.