Debt. I know The Budget Mom believes in debt free living and just bought a house with cash, yet it seems that lot of people in this group are financing huge cars, taking out mortgages with little down, and ignoring debt.Debt. I know The Budget Mom believes in debt free living and just bought a house with cash, yet it seems that lot of people in this group are financing huge cars, taking out mortgages with little down, and ignoring debt. Am I not understanding something?