Your first credit card is the initial notch in the belt of building a lifetime of credit. While caution should be exercised, credit cards aren’t so evil. You have to establish credit in order to get a good mortgage, rent or lease a car, and apply for loans.
New Year’s resolutions are a blessing and a curse. On one hand, they’re a wonderful starting point and a great way to get the masses motivated. On the other hand, it’s completely and utterly bogus to base our goals around an arbitrary date. In reality, you should always strive to better yourself – not just for a week or four during the first quarter of the year.