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A comment on Why Don't People Manage Debt Better?. Parent comment

Re:Why Don't People Manage Debt Better? by cm2012 on Friday February 19, 2016 @10:43AM (#11134085)
Eh. I used to make a lot less money than I did now. I got into around $10k of debt, mostly buying "useless" things that made life fun, like ordering in, etc. Now I make 4x what I used to and the debt is trivial to pay off. Debt also makes sense when money is worth more to you now than later.
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Re:Why Don't People Manage Debt Better? by imgabe on Friday February 19, 2016 @01:25PM (#11135381)
Money is always worth more now than later. That's why when you pay back money later, you have to pay back more than you borrowed (among other reasons).
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Re:Why Don't People Manage Debt Better? by lotsofpulp on Friday February 19, 2016 @01:38PM (#11135489)
Not in the case of negative interest rates.
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