! asked:
pay it all off as quick as I can. I know there are people out there the same age as me and are in debt alot more. Is this what money is? should I just accpet that us human’s to live are always going to be paying off some type of debt weather it’s for a car, mortgage, holiday etc… Or should I be trying really hard to pay my debts off and instead of borrowing money try saving up for things instead.
pay it all off as quick as I can. I know there are people out there the same age as me and are in debt alot more. Is this what money is? should I just accpet that us human’s to live are always going to be paying off some type of debt weather it’s for a car, mortgage, holiday etc… Or should I be trying really hard to pay my debts off and instead of borrowing money try saving up for things instead.
#1 by teej361 - January 9th, 2010 at 03:39
Do not buy what you can not afford. Live within your means. Follow those two rules and you will not be in debt like countless americans. Credit crunch, housing crisis, recession are terms that only people in debt are worried about. Im 22 with no debt and house and car paid in cash, thanks to hard work and not buying anything I don’t need. Lower your standard of living.
#2 by Randomname83 - January 10th, 2010 at 03:19
What is your 5k loan for? School? House? Car? or Fun?
Debt is not a bad thing. In fact, debt is a very good thing if you use it right. There is a difference between good and bad debt.
Should you take a loan for college? Yes
Should you take a loan for a car you can afford? Yes
Should you take a loan for a house you can afford? Yes
Should you go 5k in debt to buy some nifty gadgets? No.
The 1k in credit card debt might be a problem. It largely depends on your income/expenses. I generally dislike credit card debt and would advise most people to pay these off asap.
To make a long story short, borrowing is fine if you are doing it for the right reasons. Just be careful about what you borrow for and how much you borrow.
#3 by Kim C - January 12th, 2010 at 12:44
Planning is always best. It is best to only use credit cards when you can pay off the debt when the bill comes in. Otherwise, you are paying interest on those balances sometimes to the tune of 18-20% or higher annually. That doesn’t seem like much but over time it adds up and would be better served by putting it into savings or investments. Education, homes and sometimes cars are acceptable forms of debt but if they can be avoided why not? Vacations and other non-essentials should be saved for so they don’t create burdens later. By starting now to create a spending plan, saving for wants, and investing you will be able to live more comfortably than your contemporaries in the coming years who don’t.
#4 by megstar777 - January 12th, 2010 at 15:07
Work as an O.P.C for a time share! If you live in Orange, ca I know someone who has an opening!
You can make a couple thousand a week, if you are good at talking to people!
You don’t sit at a desk, you go where ever you want to get people to go to an orientation, and if they go you get around 80.
It really depends how many people go, you get payed more per person. Great job most people don’t hear about!
#5 by MSAD - January 13th, 2010 at 17:45
Debt is not a normal part of human nature. To think so, is to just make excuses for your bad choices.
I highly recommend you pick up a copy of Dave Ramsey’s book - Financial Peace. He also has a radio program that comes on every day.
I started listening to his show and then bought his book. He will help to give you an understanding of debt and a strategy for paying it off and living debt free.
#6 by jwizzo25 - January 14th, 2010 at 23:25
Try using:
I used their service a couple months back and they consolidated all my debt and lowered my total debt about 25%.