3 reminders for a healthy debt level
Posted By Paul Appleton In Your Finances | No Comments
The simple combination of three vowels – IOU – can spark a complex reaction, often with varying levels of anxiety.
[1]When you hear the word “debt,” the associations that first come to mind may be burdensome, constricting, or negative. But upon further consideration you may also acknowledge – from your experience or from those close to you – that a responsible, well-managed level of debt can open doors for consumers (and small businesses). It may also help with liquidity in times of need or help you reach certain lifestyle or financial goals.
In fact, some people derive a sense of accomplishment from maintaining a good credit score through well-balanced borrowing.
To help maintain a healthy level of debt, I like to keep these three reminders handy:
Of course it’s always a good idea to discuss any major debt or credit decisions with a financial professional first, if possible. The added perspective may boost your peace of mind.
Article printed from Bank of the West: https://changematters.bankofthewest.com
URL to article: https://changematters.bankofthewest.com/2016/11/07/3-reminders-healthy-debt-level/
URLs in this post:
[1] Image: http://blog.bankofthewest.com/wp-content/uploads/2016/11/grocery_shoppers_crop.jpg
Click here to print.