GOOD DEBT is debt that can provide a financial pay-off. Borrowing to buy a home, paying for a child's education, advancing your career skills, or starting a business can provide long-term financial benefits.
BAD DEBT is when you borrow for things that don't provide financial benefits, or last as long as the loan. This includes borrowing for vacations, clothing, furniture, home appliances or even dining out.
Source : AKPK / NST
No comments:
Post a Comment