Would a credit card help here (short term)?

schuey87

OK, I'm 18 and I don't really know anything about credit cards AT ALL. I just got a job, but because of the way I get paid I'll get paid about £150 this month, even though I've worked for about £700 worth of wages. Because I'm only contracted to 8hours but work a full time 37.5 hr week and the overtime is only paid till the 10th of the month I think it is, and contracted hours are paid on the last day of the month, this month i only really get paid for my contracted hours and not my overtime hours. But anyway, it means that next month I should get paid about £800 and then they'll owe me about £500 when I finish or get my hours cut back after christmas.

Basically I want to go and pay for jump tickets to carry on skydiving now, but because I don't get a proper paycheck till next month I can't really afford to. If I were to pay for some jumps on a credit card in the next 6 weeks then was able to pay all of that off at the end of November when I get my paycheck, and still have a lot of that paycheck left over would it be bad for me, would I get charged loads of interest if I don't pay it back for like 6 weeks? I'm just wondering how it all works really with the interest and paying it back, because do you need the money in your account to use it or what?

Would it be impossible for me to get a credit card seen as I just started working like 2 weeks ago and I'm 18 and only got about £150 in the bank or what? What would be the best way to go do you guys reckon?

Cheers people.

black-saturn

It wouldnt be impossible but I think it would be a little stupid. Unless you have brilliant self restraint to pay it off straight away and never use it again it would be OK. But in my experience I havn't met many 18 year olds who would stop at that. If you are one of those fine.

If it were me I would give the skydiving a rest until you have saved up to pay for it with cold hard cash. Your too young to get into debt. It's a slippery slope you cannot get out of very easily. Not that I would ever go skydiving :eek:

ffs

black-saturn wrote:

If it were me I would give the skydiving a rest until you have saved up to pay for it with cold hard cash. Your too young to get into debt. It's a slippery slope you cannot get out of very easily.

I completely agree; you will find skydiving totaly addictive, and your original plan to buy just a few jump tickets will change in to a plan to buy a jumpsuit, and a helmet, and then an audible, and then a rig...

Don't do it, pay cash.

inmypocketnottheirs

Speaking from experience, I strongly endorse both comments above.