Scott On Money

Thanks to Pragmatic Finance for hosting the Carnival of Debt Reduction this week.

My contribution was on bad debt. Free Money Finance has a post debating the existence of good debt.

I strongly believe there is good debt and bad debt. If I can use debt to help me achieve my financial goals without undue risk then I will use it. Obviously if you don’t feel safe holding debt or don’t have the desire to manage the process by all means don’t do it.

Never use this as an excuse. I believe debt is far too often used without a thought and that can’t be good.