Personal Finance Advice

For the past generation or so, lenders and financial gurus have been promoting the myth that all student loan debt should be considered Good Debt. Student loan debt is said to be good because it is debt accrued in the pursuit of an education, which is an asset that will (ideally) product more money. The [...]

By Maggie Ellis It is widely taught in financial education that there are only two kinds of debt that can be considered “good debt”: A mortgage and student loans (as long as they aren’t beyond your ability to repay comfortably). We’re always taught that it’s okay to go into debt to buy a house or [...]

I’m sure you have heard that there is a difference between “good debt” and “bad debt.” Bad debt is usually associated with credit cards, car loans, and other debts that aren’t secured by something that is growing in value. However, the term “good debt” is often given to such debt as mortgages and student loan [...]