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CreviceTool
Posts: 51
Registered: ‎08-14-2012
Re: What would you consider "debt"?
[ Edited ]

squirrely2005 wrote:

 

So should I get down to totally zero or should I be comfortable at a small balance of about 500 on one card and take time to pay it off without stress? It would be my nfcu 5k Cl card that would carry the balance.


Obviously that's completely up to you.  But to me, the question is:  are you paying interest on it?  I presume so, so I would work towards paying it off.  Personally, I don't carry any debt with the exception of my mortgage.  But at least that interest is tax deductable.  I do utilize credit, but I PIF every month before interest applies.