Don't get me wrong...I'm not afraid of debt. As long as it's risk assessed and managed debt. I have no desire to limit my lifestyle in order to be debt free...nor do I feel the need to get in debt over my head in order to have bling-**** to impress the neighbours. I spent a fortune on a car, a depreciating asset, which I was in debt for. But it was what I wanted to do, and the paid for part always covered the depreciation so no matter how my circumstances changed, I could always walk away debt free (but possibly car-less) and my mortgage wasn't at risk. A home is important to me...but so are other things in life. I suppose it's all about proirities. Spending on toys is fine by me...as is managed debt as long as the basics are covered. If they aren't however, people shouldn't go moaning when it all goes a bit Pete Tong and they risk their house.