Does anyone like debt or at least what they are able to accomplish because of it

posted 3 years ago in Money
  • poll: I ____ debt
    Love : (3 votes)
    2 %
    Like : (6 votes)
    4 %
    Dislike : (23 votes)
    13 %
    Hate : (74 votes)
    43 %
    have a complicated relationship with : (37 votes)
    22 %
    sometimes like, sometimes dislike : (22 votes)
    13 %
    Other : (6 votes)
    4 %
  • Post # 3
    Member
    3344 posts
    Sugar bee
    • Wedding: April 2013 - Rhode Island

    Ummm, no.  There’s nothing good about debt.  Debt is awful.

    Post # 4
    Member
    3978 posts
    Honey bee
    • Wedding: September 2014

    @AB Bride:  It’s sort of a necessary evil. The cost of living nowadays and even things that we think are luxuries (like smart phones, internet, etc) are becoming necessities when our employers expect us to be reachable 24/7. Some debt is better than others (student loans, assuming you completed a degree / didn’t fail out of courses) and a home within your means (vs consumer debt), but sometimes debt is inevitable if we want to get by in this dog-eat-dog world we live in. Anyway who can sit on a high horse and say “debt is bad, you’re a bad person for living with it” needs  a reality check. Debt sucks. But it’s hopefully going to get me where I want to go, and it will be paid off. 

    Post # 5
    Member
    9949 posts
    Buzzing Beekeeper
    • Wedding: June 2013

    The debt I have is from my graduate school education, which enables me to have a job I love.  Without that education, I would be making probably $20K less a year…I pay about $5K in student loans.  I say that means I’m doing all right.  I still don’t LIKE debt, though.  I can just see the benefit of choosing to go into debt to further one’s education.

    Post # 7
    Member
    242 posts
    Helper bee
    • Wedding: October 2014 - Kukahiko Estate

    I think I get where you are going with this.  Without debt (loans), I personally would not be able to have a car right now.  I have no issue with paying my monthly payment.  Would it be awesome if I didn’t need to pay the monthly payment? Sure.  But I can’t save up however much money I would need to buy a car in cash.

    I think I will feel the same way about a mortgage.  There’s no way I could pay for that without increasing my debt.

    Credit CARDS are a different story.  I use them to get rewards but pay in full every month.

    Post # 8
    Member
    8905 posts
    Buzzing Beekeeper
    • Wedding: August 2013 - Rocky Mountains USA

    @AB Bride:  Yeah, I’m happy to have a mortgage and I don’t put that in the same category as “regular” debt.  Students loans are kind of a necessary evil – at least we both have full-time jobs because of our education.  Beyond that, blegh, no.

    Post # 10
    Member
    9949 posts
    Buzzing Beekeeper
    • Wedding: June 2013

    @Christy42213:  Blanket statements like that are more harmful than helpful.  Someone should consider going into debt for college if a college education is going to help them get ahead.  It is worth it to go to a good school.  It is worth it go to a four-year university to start.  Telling someone it’s not a good idea to take out student loans might mean they get a subpar education or no education at all.  How can that be the best choice for everyone?  It’s just not.

    Post # 11
    Member
    5932 posts
    Bee Keeper
    • Wedding: April 2018

    “I am tired of people villifying debt”

     

    Post # 12
    Member
    3344 posts
    Sugar bee
    • Wedding: April 2013 - Rhode Island

    @peachacid:  You’re reading stuff into my statement that I didn’t say.  I never said that “it’s not a good idea to take out student loans [which] might mean they get a subpar education or no education at all.”  I simply said that debt sucks.  I hate being in debt.  I don’t see anything good about me having debt.  Do I think it’s good that I have an education?  Of course!  But if I could have gotten that education without going into debt, I would have.

    Post # 15
    Member
    1625 posts
    Bumble bee
    • Wedding: June 2014

    @AB Bride:  I definitely think it is less than ideal to have debt. But when I have been broke and needed tires, was I happy to have a credit card to put them on? Yes. People overspending on shit they don’t need because they WANT it is never a good idea, but it has its place.

    ETA: I hate debt, but appreciate credit 🙂

     

    Post # 16
    Member
    5697 posts
    Bee Keeper
    • Wedding: August 2012

    I don’t really know how to answer. I think consumer debt is no bueno. And I absolutely hate having debt like that. But I don’t feel bad whatsoever having a mortgage or car loans. As long as you get into those type of loans knowing you can afford them and make good choices. I also think that student loans are “good” debt. They are totally worth it.

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