this post was submitted on 26 Oct 2024
85 points (92.1% liked)

Economy

439 readers
105 users here now

Lemmy Community for economy, business, politics, stocks, bonds, product releases, IPOs, advice, news, investment, videos, predictions, government, money, politics, debate, current trends and more.

founded 1 year ago
MODERATORS
[email protected]
85
A 38-year-old with $38,000 in student debt tells other generations, ‘I highly recommend finding a way to avoid taking out loans’ (fortune.com)
submitted 3 weeks ago by [email protected] to c/[email protected]
9 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 3 points 3 weeks ago (1 children)

I picture a 36 month interest free loan on a big purchase could be "good" debt.

I don't tend to buy things unless I can afford it outright, but sometimes the interest free option is enticing by letting me keep my money accumulating interest in savings each month and slowly paying off that purchase. In doing so it helps my credit rating should I need it in the future for an emergency.

[–] [email protected] 1 points 3 weeks ago

yeah as long as the interest free loan is for something you could swing without a loan I could see. I was thinking mortgages and such with housing being so high.