You find yourself panicked and think to yourself, "Why did I wait?" The elusive subject of building credit weighs heavy on your mind, and you have no idea where to start.  

You are not alone. When it comes to the complexities of credit and all it entails, most have felt this way at one time or another. Many wish they had a roadmap or some guidance as to where they should start. Search no more! These simple tips will help you on your journey to building credit. 

Quality Not Quantity

You don't need several credit cards to build a positive credit history. Starting with a secured credit card is a great way to show that you can responsibly handle credit. But don't fall into the trap of opening several cards at once. It isn't as necessary as you'd think! If handled well, one or two cards will do the trick!

Handle Your Credit Well

Many people are under the impression that paying on time is all there is to building good credit. How much you use of the credit you have available is equally as important. A good rule of thumb to go by is to not use more than 30% of your available credit at one time. For example, if you have a credit card with a $1,000 limit, you should try not to use more than $300 at one time. And if possible, pay off your balance in full each month by the statement due date. You'll be on your way to building excellent credit history and saving money on interest, too!

Slow and Steady Wins the Race 

Another important aspect of building credit is time. We are so accustomed to instant gratification that we want a great credit score but don't want to do the work or take the time to get there. Many fall into the trap of opening multiple credit cards or loan accounts, hoping to help boost or establish their credit. But, when it comes to credit, it truly takes time.

Let's Sum It All Up

To get started, open a secured credit card. Be sure to pay it on time and not go over 30% of your available credit card limit. Once you have proven to handle this well, you can speak to your trusted financial institution (hint, hint) and get guidance on the next best thing to do.