MONEYTALK with Al Suffrin
Are charge cards a good credit builder?
My parents thought that it would be a good idea to get the card to help build my credit.
I carry a small balance of $100 to show that I can make the scheduled monthly payments.Is this a good way for me to build my credit? - Curious in Luling
Dear Curious: Credit cards can help you build and maintain a strong credit history.
However, you should make payments on time, stay within your credit limit, and try to pay your balance in full each month.
You should use credit wisely by asking yourself the following questions before purchasing with credit:
Is this something I really need, and do I need it now? Do I have the ability to repay? How long will it take me to repay? How much will it ultimately cost me (considering credit card interest)?
Also keep in mind that credit cards increase the chance of identity theft if your card is lost or stolen.Students' questions about finances answered - only in the St. Charles Herald-Guide. Financial expert and school board member-elect Al Suffrin, a certified public accountant, takes on the tough questions from parish kids- and their parents - in an important weekly column everyone should read.
Send YOUR questions to: email@example.com or write: MONEYTALK, P.O. Box 1199, Boutte, LA
Subscribe Today and Save!!!
St. Charles Herald-Guide is an award-winning newspaper that covers all aspects of St. Charles Parish - from schools and parish government news to social events, features on our local residents and sports.
Order your subscription today!
A St. Rose woman is in jail after authorities say she poisoned her husband’s drink...
R.K. Smith student Kevell Byrd recently provided several incoming students with...
The Destrehan Wildcats will get one final tune-up for the regular season when they...
Several longtime public officials over the age of 70 will be allowed to run for...
A splash park in Ormond that opened in June to much fanfare has now closed from...
The Hahnville Tigers will get their first taste of live action this Friday as they...
Whatever the Occasion Let Food4dasoul Cater Your Next Event! Wherever the Venue, Give us Your Menu Mobil Truck/Trailer means NO Mess for you We cater meetings, parties, baby/bridal showers and more!
Limit out on mangrove by fishing Grand Isle rigs - 529 views
If anglers want to catch fish in Grand Isle, the speckled trout are in the surf and the mangrove snapper can be found near the rigs.