Post # 77
@ChicFoodist: There is debt I do dislike, but I like some, as I don’t expect to get everything for free and I realize it allows me to get ahead. This isn’t to say that those that hate it expect to get things for free either, but my perspective is that the credit helps me out, so I often don’t mind having the related debt.
For example, I don’t mind the CC debt I have to pay back. The credit means that I’m not paying for everything immediately, allowing more savings to stay in place every month. I get cash back for having it. While it would be awesome not to have to pay it back, I don’t mind paying it back for the benefits I get.
Post # 78
When I finished school and started work I literally had no money. I bought a car with zero downpayment and a fairly low interest rate, and if that hadn’t have been available, I don’t know what I would have done because I needed a car for my job. My Darling Husband also financed his car at the same time. After working for a couple years we were able to pay the cars off, which was a fabulous feeling. So while I didn’t love being in debt, it certainly helped me.
I think debt is good when you know you will be able to pay it off/make the payments. If I hadn’t had a well-paying job lined up I would have felt very differently about financing a car for $20,000.
Post # 79
I don’t mind debt. I have an 800 credit score with all three scorers thanks to car loans and credit cards. I never charge up more than 10% of my limit on my credit cards, nor do I pay off monthly. Each month that I have a small balance and pay a few bucks interest, that’s positive impact on my credit score. I have paid off two vehicles which I still own. I only lack a mortgage on my credit, but Darling Husband has that on his, and I don’t plan to change that. I have student Ioan debt which I am managing and intend to pay off completly in 10 years and am working in the exact field of my degree. debt has in no way hindered my quality of living. it has only improved it.
Post # 80
We have no debt other than our mortgage, which I don’t mind. I mean, I don’t LOVE It or anything, but I don’t consider it a bad aspect of our financial situation.
Post # 81
- Wedding: May 2013 - Pavilion overlooking golf course scenery, reception at banquet hall
Woo boy, I clicked this thread wondering if it’d be full of people claiming to always keep a balance for their credit score, but am thankful that myth hasn’t claimed yall!
I hate all debt on principle, but I voted “dislike” because I recognize the necessity of my student loan debt. If it was an option between debt/degree vs. no debt/no degree (an not meeting my now-husband!) of course I prefer the debt. But I try to pay off EVERYTHING asap… credit cards monthly, big things (student loans, car loans) in large payments as quick as I can, etc. I graduated 3 years ago and have less than $2k in student loan debt left… I’m going to throw a friggen party or something when that’s gone. If I ever have to buy another car, I plan to save up for it and buy it in cash. I just don’t want any debt! It’s my money, I want to keep it instead of give it as interest to someone else!
Post # 82
@AB Bride: I understand what you mean. I obviously do not like owing money or paying interest, but if credit didn’t exist then a huge percentage of the population wouldn’t be able to buy a house or a car. I wouldn’t have a car if I couldn’t finance it – I got it straight out of university when I got my first job, so I could afford it if I paid monthly but I couldn’t have bought it flat out.
Post # 83
@AB Bride: If I didn’t take on the student loans I did and make the financial choices I made, I wouldn’t have the opportunities I have today. I think it’s important to be smart about debt, but honestly, if I didn’t take on any student loans and didn’t go to college because of it, I’d probably be really screwed right now.
Post # 84
It’s pretty soul-crushing but Fiance and I wouldn’t be able to go to school otherwise… so there’s that.
I hate that schools are able to take advantage of people like that.
Post # 85
I like being able to get a home and using temporary credit on my cards to have longer to pay (I pay when the bill is due) but I don’t want to have a lot of debt.