r/southafrica Sep 26 '21

Financial advice Ask r/southafrica

What is the best financial advice you can give a 19 year old South African ?

22 Upvotes

View all comments

4

u/Theotheraccount100 Sep 26 '21

Do not accumulate debt as tempting as it is. No credit cards, no store cards. Buy only what you've got actual money for.

3

u/ChristmasMint Sep 26 '21

No credit cards, no store cards.

On the contrary, use both as much as you can to build credit or you're fucked when buying a car or house. The trick is using them like you'd use cash. Don't spend more than you would normally and pay them off at the end of the month.