I grew up very poor. It’s in my nature to avoid debt like the plague, even “good debt”. Somehow that’s worked out very well for me, so I also recommend it.
I picture a 36 month interest free loan on a big purchase could be “good” debt.
I don’t tend to buy things unless I can afford it outright, but sometimes the interest free option is enticing by letting me keep my money accumulating interest in savings each month and slowly paying off that purchase. In doing so it helps my credit rating should I need it in the future for an emergency.
yeah as long as the interest free loan is for something you could swing without a loan I could see. I was thinking mortgages and such with housing being so high.
I grew up very poor. It’s in my nature to avoid debt like the plague, even “good debt”. Somehow that’s worked out very well for me, so I also recommend it.
im not so sure there is good debt anymore.
I picture a 36 month interest free loan on a big purchase could be “good” debt.
I don’t tend to buy things unless I can afford it outright, but sometimes the interest free option is enticing by letting me keep my money accumulating interest in savings each month and slowly paying off that purchase. In doing so it helps my credit rating should I need it in the future for an emergency.
yeah as long as the interest free loan is for something you could swing without a loan I could see. I was thinking mortgages and such with housing being so high.