Society is a Debt-Driven Society

I was thinking about this the other day – you can’t really get far in today’s society without debt. How many people can buy a car without an auto loan? Or buy a house without a mortgage? Not many. That is mostly reserved for the wealthy or well-to-do folks. But for low and middle-income families, debt is a fact of life.

I guess the main thing is how to have “good” debt and not “bad” debt. When did debt become “good”????

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Posted by Tricia on February 19, 2006 at 11:54 PM in General Debt | Comments Off
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My Debt

  • Original Debt: $38,495.86
  • Paid: $19,149.13
  • Remaining: $19,346.73
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  • Credit Card: $0 Woo Hoo!
  • Student Loan: $9,501.52
  • Auto Loan 2: $9,845.21

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