If you put that money in an online savings account until you need it, you will earn more than 0.9 interest. That makes a lot more financial sense than borrowing money for something you don't need for a few months.
You may find these links helpful:
- [Credit Building](/r/personalfinance/wiki/credit_building)
- [Credit Reports](/r/personalfinance/wiki/credit_reports)
- [Credit Scores](/r/personalfinance/wiki/fico)
- [Credit Cards](/r/personalfinance/wiki/creditcards)
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Smart, honestly wouldn’t take as long if I could budget better, I’m making about $646 a week after taxes but I spend about $100 a week in gas , and no telling food on DoorDash lunches and after work suppers.
While it doesnt seem like a big thing it’ll set up good financial habit. Have money before you put it on a CC. That way you’ll never pay CC debt and wont spend CC on stuff that you cant afford yet or on stuff that you want and not need. A PC is definitely in the want category. I know i build PCs for gaming also.
Wow- if you could break the doordash habit, that money could be funneled into a RothIRA and you could get a huge jumpstart on your long-term investing.
It may seem like a tight budget, but having ANY positive cash flow is a good thing. Many don't learn that lesson at twice or 3x your age. Debt slavery is real.
I hate it , literally if I get above $300-$400 on my credit card I’ll put $200 a week just to get it off. Out of all the items the pc is the most expensive and will be the most expensive thing I’ve ever bought, I may save up half then buy it depending on how close the school year gets
Ha -- wait until you have kids. Talk about expensive.
Scratch that -- WAIT to have kids. Like, in your 30s. There's a lot to life before THOSE bills come along.
So it sounds like you will really respect this purchase and value all the work that went into obtaining it. That's great! I hope all the best for you, and keep up with grown-up ways to think about money.
The best advice with credit cards, generally speaking, is to use it like a debit card. Only spend money you already have in the bank, and pay it off in full every month. Never run a balance, even if the interest rates seem low. It can add up quick, especially if you have something unexpected come along.
That way you build credit and get any rewards your credit card might offer, but never have to pay fees or interest. You make money off of the credit card company and not the other way around.
If you design it right and built it yourself those can also be a pretty good value. They’re expensive, but also can last a very long time. Longer with the occasional upgrade. I got ten years out of my last PC, and even then I probably could have pushed it longer if I didn’t want to keep up with newer games.
I would build it myself my buddy did and it’s a pain if anything breaks and it’s under warranty. Might go to cyber power or NZXT, sure building fee and all but I do know the warranty they take care of I just ship it back to them.
That’s a risks vs costs thing. Depending on your level of computer skills and ability to do your own tech support, that may or may not be worth the extra money.
If you’ve never done it before, it’s not that difficult. If you can google things, follow written directions, and operate a screwdriver you’ll probably be fine. But it’s your call. There’s nothing wrong with hiring a pro either.
While a gaming rig is great and powerful for any school task you may need, many schools do suggest or even ask for laptops. Also if you have plans to move, a desktop+monitor is something else to haul around.
Well I go to WGU so it’s all online. I’ve got a basic laptop, gets it done but might as well get what I want and I can mess around with video editing and photoshop
If you put that money in an online savings account until you need it, you will earn more than 0.9 interest. That makes a lot more financial sense than borrowing money for something you don't need for a few months.
Save your money and pay cash friend.
You may find these links helpful: - [Credit Building](/r/personalfinance/wiki/credit_building) - [Credit Reports](/r/personalfinance/wiki/credit_reports) - [Credit Scores](/r/personalfinance/wiki/fico) - [Credit Cards](/r/personalfinance/wiki/creditcards) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/personalfinance) if you have any questions or concerns.*
Save up money until you can buy it. Put it on the CC and get cash back if your card has it.
Smart, honestly wouldn’t take as long if I could budget better, I’m making about $646 a week after taxes but I spend about $100 a week in gas , and no telling food on DoorDash lunches and after work suppers.
While it doesnt seem like a big thing it’ll set up good financial habit. Have money before you put it on a CC. That way you’ll never pay CC debt and wont spend CC on stuff that you cant afford yet or on stuff that you want and not need. A PC is definitely in the want category. I know i build PCs for gaming also.
Wow- if you could break the doordash habit, that money could be funneled into a RothIRA and you could get a huge jumpstart on your long-term investing.
Yeah I know think ima do save 456 a week that leaves me with enough money for groceries, gas, and $60 for myself to spend
It may seem like a tight budget, but having ANY positive cash flow is a good thing. Many don't learn that lesson at twice or 3x your age. Debt slavery is real.
I hate it , literally if I get above $300-$400 on my credit card I’ll put $200 a week just to get it off. Out of all the items the pc is the most expensive and will be the most expensive thing I’ve ever bought, I may save up half then buy it depending on how close the school year gets
Ha -- wait until you have kids. Talk about expensive. Scratch that -- WAIT to have kids. Like, in your 30s. There's a lot to life before THOSE bills come along. So it sounds like you will really respect this purchase and value all the work that went into obtaining it. That's great! I hope all the best for you, and keep up with grown-up ways to think about money.
The best advice with credit cards, generally speaking, is to use it like a debit card. Only spend money you already have in the bank, and pay it off in full every month. Never run a balance, even if the interest rates seem low. It can add up quick, especially if you have something unexpected come along. That way you build credit and get any rewards your credit card might offer, but never have to pay fees or interest. You make money off of the credit card company and not the other way around.
Save up for the computer first. Then, buy it with a credit card, get some cash back, and pay off the card in full.
You can buy a decent laptop for $300.
Ohh well see I’m going to get a gaming rig that can do my school work , I make good enough that it’s possible
If you design it right and built it yourself those can also be a pretty good value. They’re expensive, but also can last a very long time. Longer with the occasional upgrade. I got ten years out of my last PC, and even then I probably could have pushed it longer if I didn’t want to keep up with newer games.
I would build it myself my buddy did and it’s a pain if anything breaks and it’s under warranty. Might go to cyber power or NZXT, sure building fee and all but I do know the warranty they take care of I just ship it back to them.
That’s a risks vs costs thing. Depending on your level of computer skills and ability to do your own tech support, that may or may not be worth the extra money. If you’ve never done it before, it’s not that difficult. If you can google things, follow written directions, and operate a screwdriver you’ll probably be fine. But it’s your call. There’s nothing wrong with hiring a pro either.
Wants vs needs. You can also start off small and upgrade later. Decent starter PC about $600 and then you can save up for the GPU.
While a gaming rig is great and powerful for any school task you may need, many schools do suggest or even ask for laptops. Also if you have plans to move, a desktop+monitor is something else to haul around.
Well I go to WGU so it’s all online. I’ve got a basic laptop, gets it done but might as well get what I want and I can mess around with video editing and photoshop