Posted on
March 27, 2009
at
1:05 am
A debt-free life is almost impossible; very often can't pay cash for our homes and/or our/our children's college educations. But most of us assent to debt get out of hand.According to most popular experts- our total monthly long-term debt payments (i.e. our mortgage and credit cards) should not exceed 36 percent of our monthly total income. Thus our debt would remain in a good state.
Posted on
March 28, 2009
at
10:51 am
You are so right about that. It's always best to keep total debt low and used only for emergencies or situations such as purchasing a home or for student education. Sometimes, it's not possible to keep debt low, but in those situations maybe it is acceptable. As for me, I have no intention of taking on any more debt for the rest of my life, other than student loan. I am working to earn enough money to be able to afford my own house or property. But, I won't take a mortgage.
Posted on
March 28, 2009
at
11:16 am
More people should take this advice. Alot of people let it get out of hand and end up living paycheck to paycheck
Posted on
March 28, 2009
at
11:42 am
Thanks a lot to be agreed with me. Though I no such debt but I think in the nearer futue I have to go with a credit card and business loan if I get them. I have tried several time to have some loan but failed. Now trying one more.
Posted on
March 28, 2009
at
12:01 pm
Thanks for your wish. Actually here at my country it is roughly tough to have any kinds of loan from any bank if you have no proper wealth and good reputed business. Our banks requiring so. I think if I have good wealth why I will to take loan, If I have a reputed business why I should go to take loan. But it is the really.
Posted on
March 28, 2009
at
12:22 pm
yeah, you shoud only spend a part of your savings so you don't go into debt and you should only spend it on important things for example health or loved ones, if you stick to these rules than you should be fine in a finnancial state
Posted on
April 2, 2009
at
1:03 pm
Recently, I read that student loans and mortgages are considered good debt cause they add workers and homeowners to the community, but credit card debt is bad. So I guess there could be a difference, so long as someone kept up their payments.
Posted on
April 4, 2009
at
11:57 am
Nice to hear about good debt of student loan and mortgages. But here at my country it too much tough to have a student loan and a mortgages. A person who have good relation with loan officer of the bank can get any of them.
