RE: Good Debt and Bad Debt: What I’ve Learned
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I totally agree with your thoughts on debt. It depends on the circumstances. You have to be careful with credit cards, for example. They make it so easy to get what you think you want, in the moment. But those crazy high interest rates can kill!
Then again, if you are disciplined enough, you can get a credit card with a cash bonus just for using it the first few months, then get 0 interest for the first year. On top of that, you can get from 1 to 5 percent cash back on purchases. Now if you pay the card off FULLY every month when the bill comes, you get all these advantages with No Interest charges!
I think that is an example of good debt. Thanks for the article on debt which can help folks educate themselves on this important financial matter.
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Yea, thanks too for the credit card breakdown, I didn't know about this information you just shared here too, I know it will be helpful to me someday, thanks.