Good Debt Vs Bad Debt. Eliminate Bad Debt

Did you know that the average American household is in credit card debt over $8, 000? Did you know the leading reason for divorce is because of a financial situation? Did you know that over 1 million people file for bankruptcy every year? Most people are in debt because they donā t know any better, they are just uneducated. So what are good debts and what are bad debts. Well bad debts are anything that loses value the moment you purchase it. The best example would be a car. Cars constantly depreciate everyday. Buying any consumable products on credit is bad debt. Consumable products are those that are used up and then need to be replaced. Example would be food, clothing, and cleaning supplies. ...

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