Quote Originally Posted by VictorCharlie View Post
I have a home mortage of 130K and I think we have about 10k left on my wife's student loans. We have financed a couple vehicles but we have always put more than 50% down and paid them off quickly. We almost never have a balance on the credit cards. Really the only time we use them at all are for emergencies. So outside of my home and for the next year or so the rib's student's loans, we avoid debt like the plague.
Sensible behaviour. I do use credit cards, but only to order certain bulk products online and I pay it off immediately. I refuse to pay interest on that junk.

Credit is too easy and IMO people are too stupid and uneducated and I include smart, educated people in that list too. I watch TV and see loan commercials everywhere. However, I also read Russian literature of the 1800's and the money lenders are there too. Seemingly omnipresent and impossible to truly ever wipe clean.