this post was submitted on 09 Aug 2025
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Going into debt is a trap, you are right to be wary. I'm raised to never spend more than I have, I have seen what it can do. When you lend money, you are now on a moving treadmill, and this treadmill wouldn't care to slow down if you can't keep up, it'll eat you alive once you reach the end of the belt.
Yep. Debt is rarely a good idea. Even "good" debt hurts when you consider how much interest you pay on a home.
Regarding lending, I try to give instead. Lending money can cause so much heartache and it's best to presume you won't see the money again. I actually budget for this and other forms of generosity. It makes it much easier to be generous when you know you always have money set aside that you can help someone with. And when you need to go beyond that and dip into savings for them, it's still usually just better to give so you can have peace of mind.
Oh, sorry. I meant when you borrow money. Oops.
But yeah, I don't lend money either. You'll be surprised just how many tight-knitt friendships and familial relationships can end from the aftermath of just a few hundred or so.