The most important concept is paying the monthly credit card payment on time and if you can, pay the credit card debt in full.  This isn’t a negotiable concept, it’s crucial.  Your credit affects many other things in your life, and the essence of credit is making your payments responsibly on time.  If you ruin your credit early it takes a long time to recover, and not just in your financial life because your financial life affects your education and your love life and your ability to drive a reliable car and live in a decent home.  Paying the credit card payment on time and managing the credit card debt is an extremely important aspect of credit management.

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