Reply to S/O How to be comfortable with debt

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]From the CC thread it appear some of you have no problem with some debt following you. I grew up with a father who severely mismanaged money, making me obsessive about it. I'm very careful to pay off balances, don't take out loans, etc because I don't want to be like him. I even paid off my student loan before it came due for this reason. I use my credit card for everything for the rewards, but it is paid off completely each month.  I'd love to just book a vacation on a card and worry about paying it off later. How it is now, I can't even handle something small like $100 hovering on the card.

[b]How can I get comfortable with a modest amount of debt following me around?[/b] [/quote]

Unless you are talking about a mortgage loan, I don't know why you would want to get comfortable with debt.  You are right to be uncomfortable with it.[/quote]

Using a credit card to finance a vacation is a horrible idea.  You are doing the right thing.

Credit Card debt is terrible for three reasons:

1.  It is very high interest.
2.  The low monthly minimum allows it to balloon out of control.  it lacks the discipline of a monthly car or mortgage payment.
3.  Once you start using it, you will soon find that you are financing non-necessities.  Like vacations or clothes.[/quote]

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