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You know I hate debt: Debt makes you poorer, gives you anxiety, restricts what you do, and is a major factor of stress in relationships. However, as much as I detest debt, there are a very few times when it makes sense to incur it.

Good Debt:

House: Face it, you need a place to live and unless mom is letting you sleep in your old room (and not charging you rent), you’re going to have a monthly payment. So if you can buy a house and the monthly fully amortized payment on a 30 year fixed rate loan is about the same or less than renting, then you have yourself Good Debt.