How much debt is too much?

UVAorBust
Tue, 22 Mar 2011 16:56:50 +0000

10k - However, any debt is horrible. Think, when you get out of college, do you want to be putting your salary towards a down payment on a house or debt? What happens if you NEED to buy a car for your new job or move out of the house? Then what, more debt? Debt is a bad, bad thing. Just watch HGTV and see how much debt some of these fools put themselves in. Four thousand down on a Three Hundred Thousand dollar house? Maybe these people are mentally ill, but that is just horrible.

Remember, if you do take debt on, repay it as quickly as possible. It only gets larger.

Ok maybe that reference to HGTV wasn’t really needed, but think long and hard about the decision.