Comments on: What are You Willing to Go Into Debt For? http://moneyning.com/debt/what-are-you-willing-to-go-into-debt-for/ A personal finance blog where we share insights on carefully saving money, investing, frugal living, coupons, promo codes because the little things matter in achieving financial freedom! Wed, 23 May 2012 07:41:19 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: C http://moneyning.com/debt/what-are-you-willing-to-go-into-debt-for/comment-page-1/#comment-37987 C Sun, 23 Jan 2011 16:47:11 +0000 http://moneyning.com/?p=5665#comment-37987 LOL...I see your fertility treatments were successful. Well, good for you. You can be parents of, in your words, your "own biological children" which of course is inherently better than being the parents of children that aren't biological. I find it sad that you could only love something that you shat out of your crotch. I have absolutely zero respect for people like you. LOL…I see your fertility treatments were successful. Well, good for you. You can be parents of, in your words, your “own biological children” which of course is inherently better than being the parents of children that aren’t biological. I find it sad that you could only love something that you shat out of your crotch.

I have absolutely zero respect for people like you.

]]> By: Tracy http://moneyning.com/debt/what-are-you-willing-to-go-into-debt-for/comment-page-1/#comment-37986 Tracy Sun, 23 Jan 2011 16:44:31 +0000 http://moneyning.com/?p=5665#comment-37986 Adoption is not always cheap, it's not always easy and it can come with a lot of baggage. I believe that adoption is a wonderful choice, but I can understand why people would choose to go through treatment for infertility. Adoption is not always cheap, it’s not always easy and it can come with a lot of baggage.

I believe that adoption is a wonderful choice, but I can understand why people would choose to go through treatment for infertility.

]]> By: C http://moneyning.com/debt/what-are-you-willing-to-go-into-debt-for/comment-page-1/#comment-37985 C Sun, 23 Jan 2011 16:41:21 +0000 http://moneyning.com/?p=5665#comment-37985 Maybe you should consider adoption. And no, fertility treatments aren't worth going into debt for. Especially when they may result in nothing. I feel sad when I think about how many living, breathing, existing children could be helped with the money that idiots waste on fertility treatments. My second cousin got fertility treatments and I have no respect for that shit. Sorry. Maybe you should consider adoption. And no, fertility treatments aren’t worth going into debt for. Especially when they may result in nothing.

I feel sad when I think about how many living, breathing, existing children could be helped with the money that idiots waste on fertility treatments. My second cousin got fertility treatments and I have no respect for that shit.

Sorry.

]]> By: Mary Ann http://moneyning.com/debt/what-are-you-willing-to-go-into-debt-for/comment-page-1/#comment-30135 Mary Ann Tue, 31 Aug 2010 12:20:02 +0000 http://moneyning.com/?p=5665#comment-30135 Leigh, I definitely agree. I am a little older, 55, but retired at 53, have a TSP that I can start withdrawing at 59 1/2 - only have a house payment, assets are paid, though only one using a loan. I paid it off early, I cannot stand debt. As you get older you find what your priorities are and most people make intelligent choices with their money if they care about their future. Sometimes, you have to forgo the new car to gain control. Leigh, I definitely agree. I am a little older, 55, but retired at 53, have a TSP that I can start withdrawing at 59 1/2 – only have a house payment, assets are paid, though only one using a loan. I paid it off early, I cannot stand debt. As you get older you find what your priorities are and most people make intelligent choices with their money if they care about their future. Sometimes, you have to forgo the new car to gain control.

]]> By: Leigh http://moneyning.com/debt/what-are-you-willing-to-go-into-debt-for/comment-page-1/#comment-28349 Leigh Sat, 17 Jul 2010 15:37:46 +0000 http://moneyning.com/?p=5665#comment-28349 At this point in my life (41), I doubt there is anything I'd go into debt for. I will either save enough to pay in cash or forgo having that item. I understand how in young adulthood you may need to leverage some of your future earnings to secure necessities, but a problem arises when this mentality becomes standard operating procedure. By mid-life I believe you should have saved and planned sufficiently for your needs so debt isn't necessary. Most will likely disagree, but I'm speaking only for myself. At this point in my life (41), I doubt there is anything I’d go into debt for. I will either save enough to pay in cash or forgo having that item. I understand how in young adulthood you may need to leverage some of your future earnings to secure necessities, but a problem arises when this mentality becomes standard operating procedure.

By mid-life I believe you should have saved and planned sufficiently for your needs so debt isn’t necessary. Most will likely disagree, but I’m speaking only for myself.

]]> By: Moneymonk http://moneyning.com/debt/what-are-you-willing-to-go-into-debt-for/comment-page-1/#comment-28196 Moneymonk Tue, 13 Jul 2010 14:21:59 +0000 http://moneyning.com/?p=5665#comment-28196 Education and medical expense Education and medical expense

]]> By: Cd Phi http://moneyning.com/debt/what-are-you-willing-to-go-into-debt-for/comment-page-1/#comment-28052 Cd Phi Wed, 07 Jul 2010 20:50:49 +0000 http://moneyning.com/?p=5665#comment-28052 I agree with the ones you've listed above especially an education. I know a few people who just took the job route after high school because they didn't think college was worth the money. You can't really put a price on an education. Well actually the colleges do(tuition) but the experience you get is invaluable. Another thing with going to school part time and working is that it tends to take a lot longer than it should and things get prolonged. Some people may even drop out so it's just best to work at one thing at a time. I agree with the ones you’ve listed above especially an education. I know a few people who just took the job route after high school because they didn’t think college was worth the money. You can’t really put a price on an education. Well actually the colleges do(tuition) but the experience you get is invaluable. Another thing with going to school part time and working is that it tends to take a lot longer than it should and things get prolonged. Some people may even drop out so it’s just best to work at one thing at a time.

]]> By: Sandy L http://moneyning.com/debt/what-are-you-willing-to-go-into-debt-for/comment-page-1/#comment-28047 Sandy L Wed, 07 Jul 2010 16:33:31 +0000 http://moneyning.com/?p=5665#comment-28047 ditto... For #4, My husband and I were close to being debt free. Just before my first was born and my uncle died, we bought a second home so that my elderly mother could live nearby. My uncle was my mom's primary companion when I moved away and she had nobody else left. It meant that we had to commit to staying a dual income household but it's worth it to improve my mom's quality of life and to have my kids know their grandma. I hope they will remember her home cooking, garden and berry patches. It's set our goals back, but it was worth every penny. ditto…

For #4,

My husband and I were close to being debt free. Just before my first was born and my uncle died, we bought a second home so that my elderly mother could live nearby. My uncle was my mom’s primary companion when I moved away and she had nobody else left.

It meant that we had to commit to staying a dual income household but it’s worth it to improve my mom’s quality of life and to have my kids know their grandma. I hope they will remember her home cooking, garden and berry patches.

It’s set our goals back, but it was worth every penny.

]]> By: Miranda http://moneyning.com/debt/what-are-you-willing-to-go-into-debt-for/comment-page-1/#comment-28044 Miranda Wed, 07 Jul 2010 12:24:21 +0000 http://moneyning.com/?p=5665#comment-28044 I'm not sure about the secured debt v unsecured debt thing. When you have your debt tied to an asset, then you can lose that asset. You usually don't lose your house if you default on a credit card, since it's unsecured. But if you default on your home equity line of credit, you could put your large asset in danger. Of course, this is why unsecured debt costs so much more than secured debt... I’m not sure about the secured debt v unsecured debt thing. When you have your debt tied to an asset, then you can lose that asset. You usually don’t lose your house if you default on a credit card, since it’s unsecured. But if you default on your home equity line of credit, you could put your large asset in danger. Of course, this is why unsecured debt costs so much more than secured debt…

]]> By: basicmoneytips.com http://moneyning.com/debt/what-are-you-willing-to-go-into-debt-for/comment-page-1/#comment-28040 basicmoneytips.com Wed, 07 Jul 2010 11:04:27 +0000 http://moneyning.com/?p=5665#comment-28040 Generally speaking, it is safer to have secured debt verses unsecured debt. At least with secured debt you have an asset. While I understand it is not exactly this black and white, it certainly helps to think in these terms. Also, paying down debt is never a bad thing, so do not think you should not pay things off because your money is working for you in some other account such as a savings account. Chances are you are not earning the interest you are paying on the debt you could otherwise pay down. Generally speaking, it is safer to have secured debt verses unsecured debt. At least with secured debt you have an asset. While I understand it is not exactly this black and white, it certainly helps to think in these terms.

Also, paying down debt is never a bad thing, so do not think you should not pay things off because your money is working for you in some other account such as a savings account. Chances are you are not earning the interest you are paying on the debt you could otherwise pay down.

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