The Artful Dodger wrote:kab21 wrote:woodson_28 wrote:
This. I suggest grabbing the books "Total Money Makeover" or "Financial Peace University" (both by Dave Ramsey) before you get yourself into to credit card debt. Both can be found at your local library and checked out for free. And both deal with the idea of living "debt free".
Credit cards don't equal debt. it's only when you use them to buy stuff you can't afford.
Ah, having a balance means debt. Buying things you couldn't really afford in the first place is what I'd call being "in debt". It's fine to have debt as long as you can keep it manageable.
Exactly. I have debt. We owe on our home and I am building up some debt to get an education. I don't go out and buy jet skis, or a new flat screen, or take a trip to the Bahamas. That's stuff I'd love to have, or do, but none of it is anything I need or can afford. I use my credit cards for gas, food, clothes, trips(that I can afford) etc., and I pay them off right away. Being in debt would be if I had a mortgage, a car payment, owe on school loans, and had 10K in credit card debt because I bought all those things I couldn't afford.