I'll also add my 2c in here.
I'm 25 and started working about a year ago. I've been drinking it away. Thought it was a big party ya know. And now I have a baby on the way..
So anywho. I've just opened up a savings account with Capitec. I earn a decent salary. I tried buying a second hand car ('01 Polo Playa at R50k) but was denied because I don't have a credit rating and have always paid with cash.
Just opened up an Edgars account and gonna go shopping next weekend.
People told me to get a credit card, I'm like fuck off etc. I hate having debt.
If you ever plan on buying a car and taking a personal loan, you need a credit history. Best go open up an Edgars account now. You need a credit record of at least 3 months.
