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Is a Little Debt Okay? (Podcast)

Is a Little Debt Okay

In this episode I’ll answer a listener question: “If you have a $4,000 loan at zero percent interest that will be paid off in 12 months, why spend $4,000 of your savings to get rid of a $333 payment?”  I’ve heard many variations of this question over the years.  It essentially boils down to this one: “Is a little debt okay?”  Debt is a dangerous thing and can spread like wild fire and eat up your personal wealth. 

 

 

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Christine Luken
 

Click Here to Leave a Comment Below 23 comments
Robin (Masshole Mommy) - May 5, 2015

Sounds like very helpful info. I think this will help a lot of people!

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lisa - May 5, 2015

I don’t like having any kind of debt but with a house and multiple cars, it happens. I only keep one credit card just in case, and I always make more than the minimum payment!

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Bri - May 5, 2015

This is really helpful & I have to share it. Many people get frighten when they hear the word debt & it doesn’t have to be that way.

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Megan - May 5, 2015

The problem with a little debt is that once you have a little then you gradually think it is okay to add some more and eventually you have a lot of debt.

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becca - May 5, 2015

this series is very helpful I’m learning lot thank you.

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Steve Pots - May 5, 2015

Sure does give me a lot to think about. I am actually working on restructuring my debt..

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IttyBittyFoodies - May 5, 2015

Debt is scary but a little debt is ok. We always pay off our credit cards though.

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Ashley @irishred02 - May 5, 2015

We believe in not having any debt. Of course typically house and car is unavoidable

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AJ @ Roaming Family - May 5, 2015

Debt does sound scary. I will have to listen to this. I’m sure a little is ok, but definitely not overboard.

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Pam - May 5, 2015

Most people can’t handle it. They love getting “stuff” and little debt becomes big debt.

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Mama to 5 BLessings - May 5, 2015

Any kind of debt is scary. Thankfully the only debt we have is our mortgage, we recently paid off both cars and student loans. I hate having debt looming over our heads.

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Laura funk - May 5, 2015

I think a little debt is ok, but I am finding out that it can be tricky to navigate

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Carol Bryant - May 6, 2015

After paying off my college loan from adult college classes, I am nearly debt free yay

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Rosey - May 6, 2015

My debt was perfect for years. Now my student loans are going to come due when I graduate, and that’s got me very apprehensive. I’m too old for debt like that, I wish I’d have used better judgment.

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katrina g - May 6, 2015

I hate being in debt, it’s no fun and comes with so much stress. most of my debt is from student loans.

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Emerald - May 6, 2015

I wish someone would have taught me about debt when I was a freshman in college. Ha! 🙂 Debt can loom over your head no matter how high your credit score may be. Thanks for the info!

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Cape Cod Moms Blog - May 6, 2015

Debt can be a very overwhelming thing to deal with. But it is so important todeal with head on so that your family and children don’t have to unsort a mess.

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Dogvills - May 6, 2015

I was lost when I started paying bills on my own. This is great information

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Lorane - May 6, 2015

No form of debt is pleasant .. whether Big or small. I try to never take out a loan but for some people this is not an option as they need the money for various things. This was a great session with valuable tips

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HopscotchNJellybeans - May 6, 2015

I wish I knew about this earlier. Such great information

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Melissa Vera - May 7, 2015

To me I don’t think any debt is good. We have been trying to get out from medical bills and it is a struggle,

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Pamela:: Still Dating My Spouse - May 8, 2015

If you are trying to build/rebuild your credit then yes a little debt is necessary. I can’t wait to listen to the podcast. Thanks

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