Since budgeting is a hot topic LOL

[Anonymous 4]

I’d rather have debt at 0% interest and my cash earning me money.

I'm curious why someone wouldn't?

[Anonymous 5]

This.

I'm curious why someone wouldn't?

Depends on what timeframe you are talking about, I guess. We use our credit card close to daily, but only pay it off monthly. So we have a balance on our credit card most of the time even though we have the money to pay it.

Or if someone has a 0% interest loan and wanted to keep the money available for emergencies, I guess.

Hmmm I wouldn't consider a bill I paid in full monthly being in debt, whether thats my credit card bill or my electric bill. But a loan I would. But overall I think people are just splitting hairs at this point.

[Smarties]

I’d rather have debt at 0% interest and my cash earning me money.

I'm curious why someone wouldn't?

That's a valid viewpoint but I don't think that answers the question. Maybe a tangent.

[bluebunnybabe]

Yes, it’s still debt.

[bluebunnybabe]

I'm curious why someone wouldn't?

Depends on what timeframe you are talking about, I guess. We use our credit card close to daily, but only pay it off monthly. So we have a balance on our credit card most of the time even though we have the money to pay it.

Or if someone has a 0% interest loan and wanted to keep the money available for emergencies, I guess.

Hmmm I wouldn't consider a bill I paid in full monthly being in debt, whether thats my credit card bill or my electric bill. But a loan I would. But overall I think people are just splitting hairs at this point.

I agree. We use our cards all the time, but pay them in full once or twice a month. I don’t consider that having debt, but I guess some would.

[Smarties]

Depends on what timeframe you are talking about, I guess. We use our credit card close to daily, but only pay it off monthly. So we have a balance on our credit card most of the time even though we have the money to pay it.

Or if someone has a 0% interest loan and wanted to keep the money available for emergencies, I guess.

Hmmm I wouldn't consider a bill I paid in full monthly being in debt, whether thats my credit card bill or my electric bill. But a loan I would. But overall I think people are just splitting hairs at this point.

I agree. We use our cards all the time, but pay them in full once or twice a month. I don’t consider that having debt, but I guess some would.

I personally don't think it matters much what you call it, lol. Just as long as you get it paid that month.

[Shadowgirl123]

I do and I don’t in the same breath.

I have the cash available for a large purchase, but they’re offering 18 months 0 interest. So I put it on credit (a debt.) and make payments on it each month and keep the cash in an interest bearing account and pay it off at month 17. I prefer to have the cash on hand but I never pay interest (except for the mortgage on the rental house but I deduct that as part of the business expense.) even better that I earn $$ on the debt during those 17 months.

[Valentina327]

It is debt because you owe it. But - There's good and bad debt.

I'm a believer in using other people's money. If you're financing something at 5% but your cash is in an investment paying you 10% that's good debt.

If you have 5,000 worth of furniture you bought and have it at zero percent interest for 5 years but you have that money in the bank, you're in debt but it's good debt. You're using someone else's money for free and keeping your liquidity.

[Maggie]

Absolutely, you owe someone else, that is a debt.

[bluebunnybabe]

Hmmm I wouldn't consider a bill I paid in full monthly being in debt, whether thats my credit card bill or my electric bill. But a loan I would. But overall I think people are just splitting hairs at this point.

I agree. We use our cards all the time, but pay them in full once or twice a month. I don’t consider that having debt, but I guess some would.

I personally don't think it matters much what you call it, lol. Just as long as you get it paid that month.

Lol true. We actually tend to pay them before the statement comes out so that they report zero on our credit reports. I’m going with not debt.