The difference between good debt and bad debt

Credit Card Online Shopping

Hang on, isn’t all debt bad?

Wrong. Well, sort of.

Technically speaking, having debt means you’ve spent money you don’t have. Sometimes this isn’t such a bad thing, as long as you’re getting long term value out of it and you’re not racking up debt to the point where you can’t see a way of ever repaying it – this is always bad debt. Continue reading “The difference between good debt and bad debt”