Debt can be useful or totally not for personal finance

Money and debt

Debt can be useful or totally not for personal finance.If you inevitably get into debt for no other alternative like lack of money for buying some necessary goods the it is ok.What is wrong when you get into debt for not important reasons like buying latest gadgets.If you get a loan and debt for expanding your business,then debt may be useful.But in many cases be aware that debt adds up quickly,especially with credit cards and money does not grow in the trees to repay credit cards so easily.

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