If you don’t have the money now, don’t spend it! Learning smart credit card habits early on is crucial. Yes, you need to build your credit, so opening a credit card is a good way to do that. But you can just as easily destroy your credit if you’re not smart about using your credit card. Use it sparingly and pay it off every month. Think of it as a bank card and the only funds available to you are what you have in your bank account, this way you know you can pay the bill at the end of the month.
Stay tuned for Tip #3.