Advice For What Is Best To Start With?

A place to talk about your credit-building goals and progress -- and to ask for advice
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rosebud
 
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Joined: Wed Aug 16, 2017 10:07 pm

Advice For What Is Best To Start With?

Postby rosebud » Wed Aug 16, 2017 10:22 pm

Hello! I'm new here on this forum and have stumbled upon this site from searching in google about whether Wells Fargo is a good bank or not. My apologies if this isn't the correct topic to put this question in, but I feel like this is where it would fit best.

What I'd like to know is this: what should I start off with in terms of debit/credit card, if there are any certain types? I'm 19 and have never had a bank account before. Still trying to work on getting a form of identification so I can open one up. :'D Though of course I'm practically an infant still in the adult world, still technically dependent on my parents and am just starting out in the adult world, I really want to take my finances VERY seriously and make sure to avoid as much preventable mistakes as I can.

I guess the last part of my question would be what signs or red flags should I look out for in terms of shifty behavior, whether it be from banks themselves or people. What scams should I be aware of?

Thanks so much in advance for your time. :love:


Bacon
Platinum Member
Platinum Member
 
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Joined: Wed Aug 31, 2016 3:02 pm

Re: Advice For What Is Best To Start With?

Postby Bacon » Thu Aug 17, 2017 10:13 am

Open a bank account and start with a debit card so you won't be tempted to spend what you can't pay back (too many people do this with credit cards). Online bank accounts (ally, capital one 360) typically have no minimum balances and no monthly maintenance fees. Once you have a steady income then branch out into credit cards to build your credit score and profile.



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