Can I afford it?

[disneysteve]

I do agree with your point that people shouldn't be lackadaisical about taking on debt. I just don't think of debt as a "four letter word" (as was mentioned elsewhere) that must be feared and avoided at all costs...

As above poster mentioned, I am not haphazardly taking on debt. I am comfortable with it in terms of understanding the consequences of what debt I do have and I think long and hard before taking on any debt

I agree. Not all debt is bad and not all debt is avoidable. As I've said before, if not for debt, I wouldn't have my college and medical school degrees and, thus, my career. Without debt, I wouldn't have my home. Without debt, I wouldn't have my current car.

Debt is a financial tool that can be very beneficial when properly used.

[tripods68]

You can't afford it.

[whitestripe]

the thing is, of course you can afford it if you have the money or the credit to pay for it. the question is do you have enough self control to pay off your debt before buying another big ticket item? well no, you don't. which is why you're in debt in the first place.