On Loan
the bank is all to willing to give me what I need in order to buy a car, and to therefore maintain my job. The idea of being in debt frustrates me, and yet at the juncture I now face whereby my car has been declared off-the-road, the only option available to me is to go into debt. I don't think I have any problems with debt other than the frustration of knowing I would rather be clear. I remember E, speaking to you about debt, and youmentioning that typically when you want something, you save up for it first. What do you do when that option does not exist because you absolutely require something in order to make money and sustain yourself? I am praying, and hoping that my petition is not too feeble to put before God. He hears my prayers even when they are about cars and loans....right? Sometimes I consider my needs so very menial.
posted by Anonymous at 9:19 AM
1 Comments:
yeah, i hate debt, even though it drives western economics right now. someone once told me that there are only three reasons to go into debt: to buy a house, to get an education, and to avoid starving to death.
i think buying a used car might fit in there too. but cars always depreciate, so don't go into too much debt to buy something that will be worth less than half its current value later.
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