It boggles my mind how much debt the average person has. My wife and I have an aversion to debt. We don't have any credit card debt or other consumer debt but we did decide to borrow for a vehicle and some homestead land.

With interest rates so low it is almost stupid to not borrow for real estate and even a vehicle. By the time you save up the money you need, prices will be significantly higher. You just have to be careful not to overdo it and to make sure you have some money in the bank as a buffer in case of a job loss or some unexpected expenses.

It would be nice to say live without debt but I don't think it is realistic in this effed up economy.