Your traits: You're finally out on your own -- so now what? You're inexperienced with credit and while you're ready to test the waters, you don't want to get in over your head. You're probably busy with school, a new job or a new place to call home, so keeping an eye on your finances may not feel like your top priority.
You should consider: Get a card with training wheels, says Davis. "A prepaid card can help establish boundaries," she says. "It doesn't allow people to overspend and they can learn to manage a balance. At the same time, they can learn the flexibility a card has to offer." Another option for these financial personalities is a card with low interest rates and low limits.
You should avoid: Don't get trapped by cards with high credit limits, high interest rates and high annual fees. Until you know how you manage a card, stick with the basics.
Three most recent Credit account management stories:
Government workers sometimes abuse credit cards – A host of examples of credit card abuse by public employees shows that proper policies and regular scrutiny are needed to avoid draining public coffers and ruining public confidence. ...
Print 
Email 
Your financial personality: The Newbie
