Taking on debt can be an act of childish self-indulgence or an expression of maturity and responsibility. The problem, of course, is that you might not know which it is when you do it.
It's said that Socrates, in the middle of a shopping trip, was once asked to comment about the prescription to Know Thyself. He responded, "Why bother? It's all good!"
Later, in a fit of shame and despair, he recognized that his Spend Spend Spend brain centers had been in a frenzy when he said what he did. From that point on, he avoided the malls entirely and became a prototype of virtue.
Today we still search for virtue and ponder the meaning and management of personal debt:
Self Control, Debt Control
Blogging Debt Away