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<p>[QUOTE=&quot;medoraman, post: 1492723, member: 26302&quot;]I know a lot of salesmen say this, but there IS such a thing as good debt and bad debt. Good debt is a home mortgage, student loans used prudently, and the like. THis type of debt I don&#039;t stress about, and pay down as I am able. </p><p><br /></p><p>Concentrating on eliminating bad debt, though, is prudent. Better yet never incur this debt. Examples of this would be term debt like for a car, credit card debt, etc. This debt is brutal.</p><p><br /></p><p>This is why I simply suggest to avoid credit card debt, and build a savings. This savings will help avoid getting pushed into having to take out this &quot;bad&quot; debt, and allow you to get ahead in life. Life happens, and its always nice to have some savings to fall back on rather than the loan sharks, (sorry, credit card companies).[/QUOTE]</p><p><br /></p>

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