Any debt is too short in my opinion! But that said...if you can't afford to pay the minimum payment and then some comfortably...your screwed
My wife and I are fortunate in that we own our property with no mortgage. We always ensure that our debt is less than our savings, we always pay off credit cards every month to ensure extended, interest free credit. If we couldn't do that we would consider ourselves to be in financial trouble.
Well ask the English Government how much.Because England is in so much Debt as usual it will be the Tax payer who will suffer due to their mismanagment.
When you struggle to pay it back...it's too much debt. When it feels like a dark cloud hanging over your head...it's too much debt. When the idea of checking the balance on your card or opening a bill causes stomach discomfort...it's too much debt.
When it's either beyond your comfort level and you worry about it a lot, or when it's too high for you to make the monthly payments.
MickS has hit the nail on the head. Don't go into debt. If you are in debt, get out of it as quickly as you can.
Of course, when you're young you might be obliged to go into debt in order to get into your own home. A mortage is generally necessary to eventually purchase a house. But don't go overboard. Keep the mortage as small as you can to get that first home. You don't need brand new furniture, a swimming pool and two cars added to the debt you'll be carrying. And pay off as much as you can on the debt and as quickly as you can.
Too much debt is when it starts to dominate your thinking and gives you little peace. When you're forever chasing money to pay bills, etc.. If you start 'thinking poor' you'll continueto be poor.
Peace descends, when you're comfortable without beings wasteful, and always have enough put aside to meet any unexpected emergencies.
by Gregg Biancci2 years ago
Just wondering what people think on this topic, I don't want to know how much you do it, just wondering if anyone thinks there is a standard or rule as to how much!I'm of the thinking that 3-4 times a week is acceptable.
by definitions4 years ago
How much botox is too much?Aside from facial paralysis, how can we, as a society, make a decision about the limit for a person's botox usage (for cosmetic purposes)?
by BobbiRant11 months ago
Do you think doing too much for a guy in a relationship, turns him off?A friend told me that doing too much for a guy, his laundry, cooking, shopping, especially in a new relationship, can turn a guy off. She said...
by Iadore7 years ago
I just wanted to know if sex appeal can get out of hand and your opinions....
by Wayne Brown6 years ago
Can a person have too much imagination? Why or Why not?
by Jennifer Arnett5 years ago
Do think you consume too much?What are doing to consume less?
Copyright © 2018 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.