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How to ensure you make the best financial decisions: Good debt vs bad debt

from Julie Brownlee, Fsp Invest to 30 Jan. 2015

Tags: good debt, bad debt, good debt vs bad debt, what is good debt, what is bad debt, personal finance, debt,


You may think that debt of any kind is a bad thing. Surely it would be better to pay cash for everything?

But debt isn’t always a bad thing.

So what is the difference between good debt and bad debt?

Read on to find out…




What is good debt?

Good debt is a debt you take on that’s an investment in your financial future.

It shouldn’t have a negative impact on your financial position and you should be better off over the long-term as a result of taking the debt on.

So what are examples of good debt?

Good debt includes taking out a bond to buy a house with. This debt gives you somewhere to live. And once you pay off the bond, you’ll own the house,... read more

 
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