Quote:
Originally Posted by Special_K
Or maybe just double-down on the irresponsibility and hope it works itself out?
Wise words RP. I've got another car & motorcycle so I'm set in that regard.
My debt is super tiny and would only be about 1/3rd of my bonus, and I always pay them off as quick as possible since I hate having balances hanging over my head. But the question is, do I hate having debt as much or more than I'd love a turbo?
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I'm only comfortable carrying debt if it's of the home/auto kind (i.e. with positive equity) and the interest rate is sufficiently low. I don't ever carry balances on credit cards. If it's credit card debt, then you should definitely pay it down. Those rates are much too high, especially if you can afford to pay it off immediately.