Is the debt worth it?

So I have applied for my homeloan and I am buying the unit (wish it was a house) but you cant always get what you want can you? But in all I am actually quite happy with the decision. I am 20 and a home owner. All me. Sure my olds helped alot in making this happen and its all thanks to their forward thinking and doing whats best for me.

So yeah.

Pretty exciting really.

But this whole thing has got me thinking. Mark actually got the idea stuck in my head on getting a new car after the mortgage guy was like take another $10,000 or so on the loan and make it combined with the homeloan and get a new car but I declined at the time but it has since kinda stuck in my mind. Soo I have been thinking, what car would I get? I want something kinda like my current Astra. Size wise anyway minus the few problems it has. I am in love with the Mazda 3 exterior, I think that car 'is hot' and I also want a car that isnt a fad kinda car. Like I will always get a sedan as I dont like hatches and wagons are for families. But I want a car that can get me through to family stage, like a lasting car. My Astra, I am sure could do that but it kinda looks old (its a '98) in that the bumpers are black and most if not all newer cars dont have that. So I just want an update that will last me the next 5-10 years. More so the 5 haha.... I am also looking Holden Viva and the Hyundai Accent. Viva is the more appealing and while I would love love love a Mazda 3 they are still out of my price range being at around $20,000 - $ 25,000. So yeah....

Another thing I keep talking about doing it travelling. I want to go to Italy (rome, venice, tuscany, milan, etc) Paris, London, Germany.... but there is like no chance in hell I will actually manage to save the $$ to do so. Why not a travel loan?? I can then do a world trip or at least a trip of Europe and see all the places I wanted to.

Credit is so readily available to anyone and everyone, loans are usually easy to access and it is all v.tempting. But I know it can also be v.dangerous. There are only so many times you can refinance or extend your limit. So is the debt worth it? I came to the conclusion if in 5 years I am still just working, paying off my mortgage with no new car or anything to show for just working - I will get a travel loan and I will go see the world. The car thing can wait, I'll just have to put mine in for a service more often to keep it going in an alright condition. Or just wash it (looks like a different car then) It's the travelling and seeing the world thing before I am to old that is the main target. I guess I should've perhaps held of buying the unit before deciding that but thats a life long asset that I can use to my advantage in a good way or my disadvantage. But in 5 years who knows what could have happened....

Global Warming may have accelerated further and we could all be dead *shrugs*