A new category--Finance Lessons from Dad

The new category isn't just about things Dad said, but things I learned indirectly from those early lessons, and through experience, mostly modestly successful since then. the new category will mostly be little tips and descriptions of my own experience working at being financially "independent" (in my definition, having more than I owe) and maintaining good security ratings and all.

I don't offer advice on achieving real wealth. I haven't figured that one out beyond finding a better paying job than I have, nor how to make money from nothing. I've managed steady if not always great paying work and that's the only starting point I know. Steady income isn't always enough, though. Plenty of people who make more than I do, however, still find themselves floundering in financial confusion and problems, and others just don't seem to make as much progress as they want, so I thought a few practical if inexpert tips might be useful.

Tip #1 -- this one is from Dad -- Keep your credit card balance at 0 and if it isn't, get it there as fast as you can.

He's gotten past not wanting to use them at all, but he, and I, still pay them down every month with very very rare exception. If I can't afford to pay the card off when the bill comes in, then I can't afford it all, that's the concept, because paying interest--and even the better credit cards have a lot-- just means you are spending more money in the long run, and buying less of what you want and need. Once in a grat while I've paid a large bill off in two installments, but I didn't use a credit card again until it was paid off.