I'm about to get my first credit card from capital one with my credit limit being $ 500. I have 0% APR until may 2009 and after that it will be 19.8% APR. I wanted to know what will be the best way to pay my bill on time since I have a job that doesn't pay that much but I get paid every week. I was thinking to save my checks up and don't spend my checks and pay the creditt card bill like that.

I think it is best to start using the credit card for purchases you would be making anyway... like say start with gas, than you are helping to build your credit and set aside that money and pay the bill AS SOON AS IT GETS BILLED. This will help to build your credit and than you will have an amount for [U]emergencies[U]. Use your card wisely and keep an eye on your credit score at freecreditscore.com