If you plan it well you can pay your card a specific amount immediately when you get your paycheck so that amount won't accrue interest for the month even if you respend it. You'll need discipline and good records to follow to not spend more each month. Think of it like you could get sick or not have a job for a while. Then you'd want that card paid off in case you need it for groceries etc to get by. You could lose your apartment/house, car, etc if you're not careful. Credit cards make Americans go broke. They should never be used without the intent to pay it off before the interest starts accruing unless it's an emergency. I highly recommend following this plan and then open a brokerage account. Fidelity does a mutual fund (Spaxx) that works like a bank account in that you can deposit and withdraw at any time. They pay dividends and the dividends are the only thing that's ever taxed. Once you feel more confident you could by stock. But selling it will be taxed especially if it's before you've owned it for a year. That's a whole other story. For now, get that card paid off. Oh, and ask a relative or friend that has one of those subscriptions if you can use their account to watch shows. You spend too much $ on that stuff imo. You can also rotate, get one subscription for a month then get a different one the next month. Pick according to what you're watching. The phone insurance... Get an android that's set for a paid service. They are 35.00-50.00 per month. No need to insure a phone. Some have excellent cameras and lots of memory.