We had a debt free Christmas for the first time in many years. Man, is that a good feeling, or what? It’s nice to know that by not charging anything, we won’t be paying for Christmas presents on our credit cards in the months to come. And it’s nice to know we didn’t need to take out any loans to cover the massive amount of toys our kids asked for. I’m not suggesting all personal loans are a bad thing, but I don’t think they should be used to cover Christmas gifts and a turkey. Lots of people forget during the holidays that mortages and electric and water bills will all need to be paid in January, along with all of that new credit card debt. Be a wise consumer and don’t get in over your head.