Today news
About the same in other media
Your Money: ‘Good’ and ‘bad’ debts: Know the differences
Reading now: 135
By Supriya Suri
Loans play a major role in helping us realise our aspirations and achieve many life goals. Of late, consumers are increasingly using credit to make payments in a convenient manner, and do not wait to save and spend. But at the same time, certain debts tend to become a liability resulting in unwarranted stress. Thus, it is important to understand the difference between a good debt and a bad debt for anyone looking to make informed financial decisions.
What is ‘good debt’? Good debt can be used to purchase assets that can depreciate slowly or, in some instances, grow with time. One can plan savings, loans and investments to maintain good financial health and ensure a settled and secure future. For instance, if one takes an
Read more on financialexpress.comAbout this in other media
Your Money: Why reverse annuity mortgage has few takers financialexpress.com /2 years ago
This Post Office scheme lets you double your money – Check interest rate, features, withdrawal rules financialexpress.com /2 years ago
FLUX, SFP and Badger DAO surge even as Bitcoin price falls to $47K cointelegraph.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
