hmm i have never taken a loan

I avoid debt at all costs.

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Never spend your money before you have it. -- Thomas Jefferson

i took out a loan for my room furniture, which is dumb for me.

the dumbest loan I've taken is to cover another loan taken in the past - this is not recommended at all! check your loan rates and quotes - it is the most important thing to do before engaging in any kind off loan.

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Savings account

would 5K on a credit card for a watch be a dumb idea?


... there were probably better ways to spend that money.

I once borrowed money to buy a recliner which hurt my neck so bad that I had to give the thing away.

Whew! I thought I was the only one who would write this.

Though I am no longer making the payments on her car. When she pushed for me to continue paying for her car loan, I threw out a veiled threat to go after half of her inheritance from her recently departed father (which I really did not want to do). The next day she was at the bank refinancing it into her name. I still have the pen she signed the loan documents with. My co-workers have been warned to never touch it since that pen is worth $18,000 to me.

P.S. The dumbest thing I ever took out a loan on was for (barely used) exercise equipment. I had the cash at the time, but went for the ZERO PERCENT loan. The balance eventually went onto a credit card which in turn was refinanced into my mortgage during the divorce.

30 years to pay off exercise equipment? DUMB DUMB DUMB...

I think I can win this, I took out a £10,000 loan in order to fund a CEMAP training course I took. Now this is silly because Cemap is no where near that cost! But silly me at a very young age didn't realise! Heads up to those wanting to learn cemap, spend £110 on the manuals from the FSA and thats all! Not £10,000. I laugh at that now, lucky for me its all paid off thanks to my investments.