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{"id":3385,"date":"2022-10-09T09:07:58","date_gmt":"2022-10-09T07:07:58","guid":{"rendered":"https:\/\/www.isfsc.org.za\/?p=3385"},"modified":"2022-10-09T09:25:01","modified_gmt":"2022-10-09T07:25:01","slug":"what-is-the-difference-between-good-debt-and-bad-debt-debt-is-debt-right","status":"publish","type":"post","link":"https:\/\/www.isfsc.org.za\/what-is-the-difference-between-good-debt-and-bad-debt-debt-is-debt-right\/","title":{"rendered":"What is the difference between good debt and bad debt? Debt is debt right?"},"content":{"rendered":"\t\t
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What is the difference between good debt and bad debt? Debt is debt right?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Wrong. There is a big difference between good debt and bad debt. Good debt is investments that will grow in value over time, such as real estate or a business venture. Bad debt, on the other hand, is money that you borrow that will never increase in value, such as credit card debt or a payday loan.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Good debt can help you build wealth, while bad debt can only make you poorer. So it’s important to understand the difference between the two before you borrow any money.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"What\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Here are some other key differences between good and bad debt:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Good Debt<\/span><\/a><\/p>

Bad Debt<\/span><\/a><\/p>

Examples of Good Debt<\/span><\/a><\/p>

Examples of Bad Debt<\/span><\/a><\/p>

Example of Good debt VS Bad debt<\/span><\/a><\/p>

Conclusion<\/span><\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Saving Packages<\/h2>\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\tFind the saving package to suit your needs\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\n\t\t\t\t\t\tSave Now\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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Investments<\/h2>\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\tFind the investment that will suit you.\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\n\t\t\t\t\t\tBrowse between our shares\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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Insurance Packages<\/h2>\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\tPrepare for the future one step at the time\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\n\t\t\t\t\t\tProtect you and your family \t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Good Debt<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Good debt is usually used to finance something that will appreciate in value, such as a home or an education. Bad debt is often used to finance something that will depreciate in value, such as a new car or a vacation.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Good debt typically has lower interest rates than bad debt. This means you’ll pay less in interest over time if you have good debt.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Good debt is often tax-deductible, while bad debt is not. This means you can save money on your taxes by investing in something with good debt.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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