Bad Debt Vs. Good Debt: What’s The Difference?

[ccfic]

Depending on who you listen to, someone has an opinion on dept.  Have you ever heard real estate gurus talking about how to invest in property—use other peoples money?

OPM!

There is some truth to that, you could do very nicely, with OPM—if you know what you are doing.  Of course, that is a form of debt. This article, How to Save Money takes a deeper dive into debt and savings.

Take a look at …

        • Bad debt vs. good debt
        • What is bad debt?
        • What is good debt?
        • Getting help for your bad debt
        • What’s a good debt-to-income ratio?

Today, “debt” is considered a bad word no matter what you spend the money on. But, like most things, it’s not really that simple. Not all debt is created equal, and taking out a loan for some things may actually be beneficial for you in the long run. For example, everyone knows credit card debt is bad because of the high interest rates. But student loans are much better – the interest rates are […]

Recommended Stories

Top 10 Tips to Get Discounts and Save Money While Shopping for Special Occasions

The essence of saving and the different ways to save

A third of young people are cutting back on food to pay bills

It's never too early to start saving for retirement

You may be able to save up to $268 a year by switching your cell phone plan

Millennials: Know the Difference Between Saving and Investing

Over a third of the Americans who get regular raises at work still don't save for retirement

J.Crew is discounting full-price and new styles this weekend

Patients could save by paying in cash instead of using insurance

Comments