Can you tell I'm a little focused on money at the moment? I basically have no credit. Not bad credit, just none, which apparently is just as unappealing to creditors. A year or so ago I tried applying for several cards so that I could begin building my credit but to no avail. Though at the time I was a graduate student making barely $1000 a month, not exactly a great credit candidate. So after being rejected 3 or 4 times, I gave up, lest I ruin my credit forever. But now that I have my big girl job, I've decided that it's time again to try and build up some credit. I've looked at a couple different ones (basically just Target and Amazon) and am currently wondering to myself if it really matters which I get. They both have no annual fee and offer rewards of some sort. And basically I'm just looking to use this to build credit, not to make purchases out of my price range.
Basically my fear is that one of these days it will be time to buy a car or a house and I won't be able to because I have no credit. Manny thinks it's silly of me to worry but that's because he already has good credit! Lucky duck.
How have you built up your credit? Any great credit card suggestions? Is it better to get a store card or a bank card? Does it really matter as long as you watch your spending and make payments on time?
On a slightly different note, my new budget starts tomorrow! I'm unnaturally excited. I think it's because the budget for the past couple weeks was (it seemed) a big fat fail. More on that Monday. I'm really excited to start a new budget cycle and try to stay in budget once more! Wish me luck!