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Or presidential candidates that raid their retirement accounts (thereby not only paying taxes on it but also a 10% penalty) to buy an $80K boat.
Alaskan I am with you. Though I wouldn't eat shoes. My grandfather always said IF you don't have the money, you don't buy anything. He didn't believe in credit cards SO, thanks to that I have NO credit history. I thought I was being good when everyone else was running up huge credit card debt. House insurance, etc, is several times higher because I don't have that all important history. Fortunately for some - college kids get bombarded with credit cards. My son had a credit card, checking/savings account etc. with no history and I have always paid my bills and have O.
You can have a credit card and NOT be in debt as long as you pay it off monthly. Just treat it as you do cash. If you don't have the cash to pay for it, don't put it on the credit card. And if you do, put the cash away so you don't hit the end of the billing period without enough money to pay it. People that get in trouble (barring catastrophes) are the ones who buy stuff they don't need and can't afford. Then they don't pay it off and the bill gets bigger and bigger and bigger. Credit card interest rates are practically usury.
And any utility bill in your name is also a credit history. The phone is in DD1's name for that reason but the money comes from our account.
My eldest did turn down a drivers liscence. He said, " the insurance will cost a bunch of money, it is better if we wait until I need to drive" Good boy, and the right attitude, what do we need, and what can we get by without.
My girls are 23 and (nearly) 21. Both got their licenses last July. Never had any interest in driving. Our insurance for the 2 cars went up to over $2K a year because of their ages. And that includes the good student discount the younger one got. And it doesn't matter that she is attending college out of state with no access to a car 8 months of the year because she "could drive someone else's car at school".
I, for one, am happy they didn't get their licenses at 16 like "normal people". Saved a bundle. NO insurance increase while they are driving on a Learner's Permit.
Is car insurance individual there? Here it covers a car with any driver.
Have to pay for all "regular" drivers. But if a friend needed to use the car for a day, they would be covered.
However, in addition to the insurance cost per car, you also get billed per liscenced driver that is in your household. And of course, a boy under the age of 25 is a giant addition to the bill.
As are girls. Didn't used to be that way. Cost a bunch to have me insured on my Mother's car when I got my license in CA 44 years ago. Cost ZIP for both of my sisters.
Guess which
ONE of us never damaged the car.