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How much debt are you comfortable carrying?

What kind of debt?

One friend of mine doesn't worry about it as long as he stays under $13,000 dollars and can move it to a 0% card.  I think I would only be comfortable with a reasonable mortgage . . . no cc/student loan/auto/personal debt!!!

 

I  now hate debt. It is uncofortable. I just want to get to a even 0 balance. However back to the question. I feel more comfortable with the debt I have $35,000 approx. It is going down. I feel like I am winning the battle thus I am more comforable with the debt. I don't see as much interest being paid out and that helps see the balances go down.

 

Besides mortgage, I now have under 15k. While paying down my student loan i am actually in the process of adding on some but only for investment reasons to earn interest off 0% balance transfer.  Plus, the total amount is still much lower than my total amount invested.  I believe debt is okay as long as the individual is disciplined about it and using it to acquire assets (otherwise a lot of businesses would have never gotten off the ground).

 

Just about *any* debt is uncomfortable to me.  I'm pretty bitter about it.  I think my recent "anti-credit-establishment" views really emphasise that feeling.  However, I know that once my debt is paid off, I will likely get a SECURED card so I can maintain enough credit history to get a modest mortage in 10 years or so.  Though, the idea of that makes me still feel pretty uncomfortable.

 

I would have to say that I'm not comfortable carrying ANY debt but then I'm trying to crawl out of that wonderful hole that I dug myself into several years ago in the first place.  I don't like car payments and my last car I was able to pay cash for, thank you, GOD!!!  It may not have been a brand new car but it was new for me and it's a nice little Saturn that I like very much.  But, in answer to your question, If there is any debt that I would be comfortable with it would have to be a mortgage but something reasonable and not astronomical.

 

i rather not have any debt at all, but i think with school loans and everything i would be comfortable with 30-40 K max.

 

I am not comfortable with any debt that doesn't have a definitive end date.  (like a car payment or a mortgage) and even then I'm not fully comfortable.  I feel it inhibits me from being able to do what I want.  It makes work a "have to" instead of a "want to"