Paying off our credit cards on time and in full is a must, but if we all did that then Gail Vaz-Oxlade and I wouldn’t have needed to produce the above video.

It’s simply amazing how much debt is out there.

Seriously, is debt normal? When did it become sexy to talk about? Debt seems to be just an accepted thing now and that should be a serious concern for us. Just take a look at this conversation that occurred after I originally tweeted the video.

I’m not trying to single out Barry here but having the attitude that debt is normal, or everyone has debt so it’s okay is the last thing we should be thinking.

Another friend of mine once said “debt is a part of enjoying life”. I thought he was joking, he wasn’t. He had accepted that debt was part of his life and he no repayment plan.

 Related: 6 Things we need to know about credit cards

Debt is not something to brag about

Recently I’ve noticed people are happy to talk about their debt as if it’s an achievement, almost like it’s a status symbol. They’re even starting to brag about the big amounts they owe.

A friend of a friend recently got a new job and within a few weeks of getting this job he was convinced he needed a new car. Within an hour of heading to the dealer, he had purchased a car that cost more than a year of his salary. Yes he got a raise but his spending/expenses quickly outpaced that increase.

Could he afford it? Of course not, but the salesman was more than happy to offer him a longer lease period to bring his monthly payments down. 2 weeks later, the friend was telling all of us how he could barely afford the payments and insurance on his luxury car. As far as he was concerned, the car was an investment in his comfort.

Let’s be clear; car+investment don’t belong in the same sentence. He was literally bragging about the debt he had just taken on.

 Related: How much car can I afford?

is debt normal car

Having an affair with credit

The cost of a wedding are getting more expensive every year; it’s surprising that couples aren’t looking to cut back on their big day. Instead they have just accepted it and no longer care about the costs. It’s not just the wedding they’re spending tons on, the honeymoon costs are also increasing, but this is because some couples refuse anything below first class. I know of two couples who have decided to put their entire weddings on credit.

Yes you read that right, their entire wedding is being paid by credit.  They have no idea how they’re going to pay it back, but I’ve been assured their wedding nights will be an enjoyable adult affair to remember.

I try not to judge people but, ARE YOU INSANE?  Having credit card debt is not normal, nor should we be bragging about it.

Now I see why Gail gets so frustrated on her shows.

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Image courtesy: opus moreschi / Flickr