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I viewed it as acceptable to take on short term debt- WHERE I KNEW THE RATE OF PAYOFF- for a one time major event like a wedding/honeymoon.

In my case, we had it all paid off by 6 months. I was willing to front the money (out of car savings I believe) to take on this debt (to myself actually) for a once in a lifetime event. That didn't mean I sunk myself into forever debt- but it is acceptable, in my mind, for major one time things (like the experience of a honemoon) to make a major purchase (the experience).

In hindsite, I am glad I did so. Now I am becoming more and more frugal- but still believe it is necessary to sometimes spend that money on important experiences. We are all going to be dead soon, and if it doesn't crimp your future plans, spend some money on occassion.

But not too much.
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