For most of us, “debt” is a four-letter word as dirty as any other. We feel bad when we’re in it and glad when we’re out of it.
Actually, it’s a little more complicated than that.
Debt has its uses. Few of us have the resources to buy a home outright without taking on at least some debt. Debt can help us go to college, start a business, buy a car and handle emergencies.
The question is: How much debt is too much? There’s no single answer.
Read the full article in the Finances FYI section of The Seattle Times, sponsored by 1st Security Bank.