Quote:
Originally Posted by LivingAlmostLarge
debt properly managed can be a good thing.
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Absolutely. We've discussed this before, particularly in regard to mortgages. There are quite a few of us here, myself included, who have enough in savings to pay off our mortgage at any time. We choose not to pay off the mortgage because the money is doing better invested. Ok, maybe not this year, but over the long run, we'll end up with more money in the end by not paying off the mortgage early.
You always need to look at the big picture. Should you pay off your debt? It depends on what else is going on and what you would do with the money if you don't use it to pay off debt.