No. of Recommendations: 3
There's a basic principle about borrowing: have a plan to pay it back, a plan that doesn't involve winning the lottery or Enron accounting.

I found a better plan when I adapted a LBYM mindset (long before TMF and being provided the tag "LBYM" to put on it). Other than my mortgage, I saved for my 'wants'. During that saving period, often I re-evaluated this 'want' and realized it wasn't a 'need'.
The impact is that I learned how low my 'needs' really were and I could enjoy 'wants' without having to become indebted.
A side benefit is that I also had somewhat of a spiritual awakening by being released of the material binding of what I had perceived as 'needs'. It was amazing to discover how oppressive it was to feel owned by the debt for a bunch of inanimate objects.

(who really needs to start to refrain from off-topic posts - sorry!)
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