Reply #38: Why on earth are you paying 20% interest?

[RedShoesBlueState]

First of all, I can't believe that you're arguing against the value of saving. So, your plan is to never have an emergency fund in the bank, nothing to fall back on? So, when something comes along, a crisis, you'll borrow more money to fix it, and just perpetuate the original problem of too much debt? And in the meantime, the years go marching on, and you want to buy a house, but you have no money to put down, so you pay an even higher interest rate because you have no down payment, and on , and on, and on. That is so short-sighted.

Do you know what I did when I came out of college with student loan debt? I worked two jobs for 10 years, until it was paid off.