Been reading threads on various forums based around various interests of mine and I notice more and more posts from people constantly bragging about their huge new "X" item purchase, and almost inevitably it's financed or put on a credit card. Can I just stop a moment and ask "What the hell?" Is a new toy worth driving yourself into several thousand dollars of debt and a monthly payment monkey on your back, honestly? I don't get it. I can understand mortgages. Real estate -gains- value, it's an investment. Unless something very bad happens, it's almost a certainty that when you pay your note off your property will be worth significantly more than what you paid for it.. even after you add in interest to the cost. I can understand financing a car (within reason). Not everyone has the cash for or is willing to commit the cash on an outright purchase of a vehicle. But like I said - within reason. I know more than a couple of numbskulls who make $30k a year and are sporting $700 a month car payments. They live paycheck to paycheck (or on their credit cards) because between their rent and their enormous car payments, they're only left with barely enough money to cover expenses (maybe). But they're out to be cool in their $45k cars that they "got a great deal on" at 0% financing or whatever the latest scam is.. It just amuses me. I read a post somewhere from a guy talking about how he just dropped $3000 on a new TV. He was originally going to get a much less expensive model but his SO urged him to spend more on the "nice" one. The punchline - financed. LOL. Yeah, drive yourself into twice as deep a hole PLUS interest on an item that depreciates like -no- other. Seriously, there aren't many things that take a bigger depreciation hit than consumer electronics. I wonder how that guy will feel in 2 years when he's still upside down on his TV payment but it's now falling behind on the latest doodads and features.. and it's worth about half of what he owes, if that. But not to worry! Mr. Credit Man will be there with a warm smile and a handful of cash at the ready to help his upgrade dreams come true! Maybe there'll be a little left over for that new guitar he's been eyeing, too. After all, you only live once.