2 ms·
Just because you pay them off every month doesn't mean you don't have debt, you just have it for a shorter period.
by drcongo 7y ago
Just because you pay them off every month doesn't mean you don't have debt, you just have it for a shorter period.
- mcphage 7y agoWhen people are talking about debt as a problem, they're not talking about < 1 month credit card debt, they're talking long-term debt where you're paying a significant amount of interest. Debt that you pay off, and don't pay interest on, is not a bad thing. Heck, even debt that you do pay interest on, is not a bad thing in certain cases—mortgages in a healthy real estate market, for instance.