Credit

It’s just a credit card right? No, this is what most teenagers and several adults believe. Credit will stick with you throughout your entire life. Credit is the leading essential to becoming successful in life today. If you have bad credit, you will not be able to finance anything. What happens when you have kids and they need new shoes, clothes, toys, etc. You are working just to make ends meet and you would like to be able to afford all those nice things for your children, but you decided to rack up your credit cards when you were young and now have to live with those consequences. Maybe your car breaks down or your washer and dryer go out, it would be nice to be able to put those items on a credit card but you are unable to with bad credit. On the other hand if you opened a few credit cards and paid them off when you were younger which means now you are probably in good shape. You will now able to open up small loans and continue to build your credit even higher. Once your credit is at a high enough score you are able to numerous amount of things; such as finance a brand new car, house, or take a vacation across the country. As great as all of that sounds, do not get carried away and start doing all of these things at once to where it becomes impossible to pay off. That will lower your credit score and it is a lot harder to raise your score than it is to lower it. Everyone needs to be aware of how important credit is and not to abuse credit cards; so they can do well for themselves in the future.