Hey all, My entire life I have been extremely debt averse. I chose to go to state college because I didn't want to take out much in student loans. When I bought my car I paid it off in 4 months. I financed a new furnace/AC unit and did a 12 month no interest loan that I paid off in 5 months. I have never paid a cent of credit card debt. Besides my mortgage, I only have about $8,000 in debt (all student loans still). I have always been extremely tight knit with my finances, which is funny because if you saw my portfolio I would be considered super high risk lol. It seems to have worked so far, but I am also wondering if this is the right way to do things? Phrased another way... What are the benefits and drawbacks to my debt averse approach? Am I missing something? Thanks in advance for any insights!!

Post your questions here. you can also send me a message to be more private I read over them and give you my recommendations. Or ask yourself some questions Why do I want/need this loan? Should I improve my credit first? Can I afford the payments now? Is what I am buying helping me or hurting me financially short term or long term? How long is it for and is something in my life going to change to where I can't afford this? Is it worth the extra money I will be paying for it over time? Can I save up for it myself instead of getting a loan? Is the loan secured or unsecured? secured=collateral, unsecured=no collateral. Loans can be a great way to get the things we want/need sooner rather than later but they can also be very costly mistakes. Make sure you are doing your due diligence before signing and taking responsibility to pay somebody money back over time.