As you become financially independent, credit is likely to play a bigger and more important role in your economic life than it has before. There’s a lot that credit can do for you. If you need money—especially in an emergency—and you don’t have the cash on hand, the immediate buying power of a credit card can be a lifesaver. And through longer-term arrangements like car loans and mortgages, credit makes it possible to pay for things you wouldn’t otherwise be able to afford. As you become financially independent, credit is likely to play a bigger and more important role in your economic life than it has before. There’s a lot that credit can do for you. If you need money—especially in an emergency—and you don’t have the cash on hand, the immediate buying power of a credit card can be a lifesaver. And through longer-term arrangements like car loans and mortgages, credit makes it possible to pay for things you wouldn’t otherwise be able to afford. The flip side of the buying power that credit gives you is that you’ve got to pay back the money you spend. As obvious as this might seem, it can be surprisingly easy to   Read more…