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Mr.Coffee · 02-22-2013, 03:45 PM

I was previously saving lots but I was also accumulating lots of debt.

I've now switched my mentality and am using some of the savings to pay off existing debts. I figure that if you own a home by the time your 40, you should have a good 20 years or so after to accumulate large savings sans mortgage.

I often question myself whether I'm doing the right or wrong thing, but as a young person it's tough to get going without accumulating a bunch of debts. I have a lot of debt, but it was used to upgrade the house which in theory is I guess equity.

At the end of the day, a decent standard of living in Calgary / Canada is expensive, but it's also a great life.

02-22-2013, 03:45 PM	#153
Mr.Coffee damn onions Join Date: Mar 2006 Exp:	I was previously saving lots but I was also accumulating lots of debt. I've now switched my mentality and am using some of the savings to pay off existing debts. I figure that if you own a home by the time your 40, you should have a good 20 years or so after to accumulate large savings sans mortgage. I often question myself whether I'm doing the right or wrong thing, but as a young person it's tough to get going without accumulating a bunch of debts. I have a lot of debt, but it was used to upgrade the house which in theory is I guess equity. At the end of the day, a decent standard of living in Calgary / Canada is expensive, but it's also a great life.