Credit Cards, savings accounts and investment for beginners

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s.687
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Hi all, I'm looking to finally get myself a credit card starting my first full-time job. Anyone got any advice on which one to go with, benefits, things to watch out for etc. ?

I'd also be interested to hear/share tips for young people starting work on budgeting, savings and investment.
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Reality Check
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(Original post by s.687)
Hi all, I'm looking to finally get myself a credit card starting my first full-time job. Anyone got any advice on which one to go with, benefits, things to watch out for etc. ?

I'd also be interested to hear/share tips for young people starting work on budgeting, savings and investment.
To answer this question in any meaningful way, I have to ask why you want to get a credit card in the first place? Do you need to borrow money? Borrowing money on a credit card for non-essential purchases like leisure or socialising is very unwise, and can lead down a dangerous path. Credit cards usually charge high interest rates, and borrowings can soon spiral out of control, where you can only afford the 'minimum payment', and the actual debt (as in money outstanding) barely reduces at all month on month - it's slightly better now than how it was previously, due to technical changes in minimum repayments.

Before you apply for a credit card, I'd urge you to consider whether or not you actually need to borrow money and, if you do, whether borrowing it on a credit card is the right thing to do. I reiterate: credit card borrowing is for short-term needs which can be confidently repaid in full over a couple of months maximum. It is not for long-term, non-essential spending
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Admit-One
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(Original post by s.687)
Hi all, I'm looking to finally get myself a credit card starting my first full-time job. Anyone got any advice on which one to go with, benefits, things to watch out for etc. ?

I'd also be interested to hear/share tips for young people starting work on budgeting, savings and investment.
Reality Check's reply above is very good, (as always).

If you want to read up a bit more, this Money Saving Expert article is a good primer on the topic:

How do credit cards work?
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Reality Check
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(Original post by Admit-One)
Reality Check's reply above is very good, (as always).

If you want to read up a bit more, this Money Saving Expert article is a good primer on the topic:

How do credit cards work?
Thank you And a great link to include. Good old Martin.
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