Roughly 10 hours into my PPL Training but money is starting to become an issue. - uuu, that's baaad
For years I've been paying off all my debt and when my c.score hit over 800, I confidently applied for a massive credit card and started my training charging everything on the card (knowing that work is secure and income is stable to pay off the card in the future).
Without that card, I wouldn't have been able to save enough to start training but whatever I read prior to starting my training about how long it will take, how much it will cost, none of it was true. Don't believe what you read. They say 40+ hours and you are ready, $10-$15 large total and you finished. Bulls**!
I am at 89 hours and little north of 30 grand and only now I reached the point of CR next month. Good thing the excellent score provided a big credit limit but I was surprised how fast the money was flying out the window. Especially here on the west, where CFI rates at $100 per hour, C-172 is almost $170/h.
But the bright side? Credit card is with an airline, I accumulated enough points to take hubby on a fancy multi-city vacation
Ps: here's a trick for any of you trying to have the bank increase your credit limit on those cards: a friend of mine said he needed to use my credit card for a large transaction ($5,000) because he was participating in an educational course and his name and card was already on file with the system but he needed a new name/new card to receive some course at a discount. He gave me the 5K, I gave him my cc. He charged the 5K on my card, got access to that course thing he wanted, I put the cash in the bank the next day and instantly the bank raised the credit limit on that card with 3 extra thousands. More flying time for me
So if you know someone (you trust) who's about to make a large purchase and they have the cash for that, lend them your card to put the charge on it, pay it back in full the next day and voila, credit limit goes up!