Debt. When you hear the word debt it definitely brings up negative feelings. But not all debt is a bad thing. In fact, most experts agree that there is such a thing as good debt. So, here’s why debt is bad.
Unfortunately, we live in a debt-driven society. Every other commercial or billboard advertises credit cards to fund your every want. Quick loans or paycheck advance businesses are plentiful. Even online purchases can easily be put on “credit” payments.
One of the most detrimental ways that debt affects you is by blocking you from reaching your financial goals. Debt comes into our lives in such a sneaky innocuous way that it doesn’t feel as bad as it really is.
Having debt hanging over your head makes life less enjoyable. Sure, there are times that you might be able to forget about the money you owe. However, every time you look at your budget or get a bill in the mail it will cause stress.