Building Credit: A Simple Two-Phase Approach

Financial expert Mikey (@mikeycaloca) shares his advice on building credit responsibly. In a recent video, he outlines a two-phase approach: starting with small purchases and paying weekly to establish good habits, then transitioning to using the card more frequently while maintaining the weekly payment schedule. "I always say food, gas, or chewing gum," Mikey explains, emphasizing the importance of affordable, manageable spending. This strategy helps build a positive credit history and avoid debt. The video's popularity, with over 8,000 views in less than 24 hours, shows a significant demand for such practical financial guidance. Mikey's approach offers a simple, accessible method for people to improve their financial well-being.