One Clear Dot

OK, I know that not all debt is automatically a bad thing. Buying a house can be a truly positive kind of debt. Student loans lead to an education and are perfectly understandable. I’m in no position to buy a car outright, so that is debt I can also accept.

However, in a lot of other cases, I see debt as a four letter word. I do indeed WANT a flat panel television (a really big) one, but I’m not going to finance it just to be able to get it now. I would rather save up for that kind of purchase. I also try as often as possible to not use a credit card, except for emergency large purchases (medical, car repairs, and the like).

For me, it was all about Debt consolidation after I got my divorce. I came out of my marriage with a lot more debt than when I got in and I did not like the feeling of owing a dozen different people money every month for things aside from utilities. I wanted every thing to be balled together into something I could reasonably get paid off as fast as possible. When you find Debt relief, you find a more general kind of relief that leads to a less stressful life.

I took the BillsIQ quiz over at bill.com and although I did very well on some sections, like credit and debt, my overall score went down to 83%, because I did so poorly on the wealth section. I know, I know, I know. I need to get it together when it comes to things like investing, retirement savings, and life insurance options.

And now I will leave you with a haiku for your enjoyment.

Money and all wealth
A responsibility
Accept all Debt help

Posted on August 21st, 2008 by onecleardot
Filed under: Finance