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If to be ironical persons who have some

debt

can indeed be better savers than those who have no

debt

. There are some data at Bankrate's poll concerning

debt

that includes car credits, student credits, credit card balances, and so on but excludes mortgages.

About four out of five American citizens (84%) who carry these kinds of

debt

try to save at least something of their income if to compare with 63% those who live without any

debt

especially mortgage.

Is it true that

debt

ors paying high interest rates are really more competent at economizing than those with fewer commitments? It seems so – at least to a certain degree.

debt

ors take the lead over those without

debt

in economizing as zero versus twenty percent of salary. But at the phase of the 20%-plus savings non

debt

ors jump ahead having 18%saving at that phase to 11% for

debt

ors.

A professor of business administration at the University of Virginia Ronald Wilcox tries to explain this apparent opposition of human nature. He thinks that if one has any business with

debt

it will teach him/her to economize. You will learn how to budget your cash even if you make regular car payments.

“You don’t have to make any monthly payment, if you carry no

debt

,” he argues. ‘That’s why you may avoid budgeting your finances every month at all. I see the positive influence of the saving process itself and the discipline it brings with it on the assumption of receiving regular additional cash as well.’