It has been seen that there are a lot of young, single people who think that being bothered about having a good credit history is a mere waste of time and it is something that only those who are married with families be concerned about. However, you need to understand that this is completely wrong and having a good credit history will help you to build your own financial trustworthiness. Having good credit history means that you will be considered a good credit risk and therefore getting bank loans and credit cards will not be much of a hassle for you.
You might need a loan during a financial emergency and this emergency might arise when you are single. Having a good credit history will help you to get the loan approved easily. Your good credit history will make you look attractive to the lenders and hence they will be willing to give you loans for your long term goals. If you have a track record of paying your credit card bills on time then it will be relatively easier for you to get a mortgage. Secondly, having a good credit history becomes handy when you are looking for a job as well. When you apply for a new job, your potential employers might check your credit history and having a not-so-impressive credit history might hurt your chances of bagging the job.
Third, having a good credit history will teach your discipline as well. It will teach you to manage your finances in a better way. If you know that you will have to make payments for a loan you took out, you will be less inclined to spend recklessly. Good credit history contributes to financial literacy as well and this will come in handy in the long term. It will help you to manage your finances well in the future.