Related Recs

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financial literacy-especially around credit cards

In my life, it's very constant that someone gets spooked at the idea of having a credit card. Building credit can be really useful for the future. You in fact need good behavior, specifically with credit to buy things like cars, houses, etc. The bank needs to see that you're trustworthy and deserve to have, say, a loan for the down payment of a property you're buying. If done correctly, you may not even have debt thanks to the credit card you're using. Here's what I do: if I have cash, I keep the cash, always having the total amount present in my mind, and buy whatever I need with the credit card, but pay it in full, so long as it's within my means and doesn't go over the budget, AKA, the cash I have. It could be the smallest thing, like gum, groceries, movie tickets, etc. I pay in the moment with a credit card; again, always being conscious of the real amount I have in cash. When it's time to pay for the expenses made with the credit card, I get to use the cash. That's how, little by little, you may start to build credit. Also, look into the benefits of using your credit card and the loyalty program it may have. In my case, I earn points if I use it and then I can exchange them for stuff. Sometimes the system allows for the points to double or triple depending on if there's an offer they're making, a contest, or simply by buying at stores that use these points, hence the brands behaving like allies to the point system. All this to say, study the way the points work in your favor. So far, I've been able to buy skincare products with them. In my case, the points expire over the course of a year, so that's a thing to look out for as well.

@mariamaria

2d ago

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I've started doing a few things...

1. I tracked every single thing I spent for a few months to get an idea of what my budget should be and where I can cut back. 2. I set up an auto transfer once a month into a HYSA and another one into an IRA, based on the budget from step 1. They are not huge amounts by any means, and sometimes it feels futile. But it keeps the money out of my checking and hopefully in time I'll be able to start saving more. 3. Anything I really like and want to buy I add to a Pinterest board as my wish list. I tell myself I can come back later and buy it if I really want it. I probably end up buying 1 out of every 50 things I put there. It's also humbling to look back it and see things on the list that I don't like anymore. Good thing I don't own them!

@amlitwicki

Dec 1, 2024

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buying things just to return them

endless free money! watch your credit card bill shrink and your bank account beauregard (editor’s note: this rec may use a wonka reference but it is in no way a Wonka 2023 endorsement)

@kylie

Dec 18, 2023

Top Recs from @sonmuny

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Taking time to read park bench plaques

They are honor and celebrate peoples lives so beautifully and often offer insight. This one at the Brooklyn botanic gardens lilac collection is such a sweet nod to a fellow lilac lover and if you aren’t looking closely you might miss it!

@sonmuny

Mar 30, 2024

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During Moments of “synchronicity“

You were just asking your friend what happened to that band and then you hear them playing when you walk into the cafe. Thinking about an old friend and then them calling you soon after. Things lining up

@sonmuny

Feb 3, 2024

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Ignoring the critics sometimes

Art criticism has its place but nothing stinks more than recommending a movie to someone and them saying “but it has a low IMDB rating”… maybe it’s just ahead of its time. maybe it’s misunderstood. Maybe it’s perfectly low brow.

@sonmuny

Mar 27, 2024