There is Good and Bad in Everything!

Written on the 27 July 2015 by Janet Culpitt

 Published April 27, 2015 |  Author Janet Culpitt


Take control of your debt management before it takes control of you.

I intend to make 2015 a great year for me.

I have set goals that will mean stretching out of my comfort zone.

Debt management is one of those goals. I plan to clear a debt created years ago, it was a necessary debt at the time it was taken out. A quick fix is not the answer I want to feel the reward of paying it off because I can afford to.

So not a refinance in this case.

This got me thinking about many people I know who have purchased material and sometimes

I wonder How could they afford that?

We are taught many things at school, but not about debt management.

We need to understand the difference between good and bad debt and we need to control Credit Card spending.

In the financial world, Good Debt is debt that works for you and is tax deductible.

Bad debt is debt that is not tax deductible.

The biggest debt we will have in our life time is our own home loan.

We should be paying this down as quickly and efficiently as possible.

This will give us equity and with equity we can build our passive assets.

Although not our biggest debt, Credit Card debt, is our most expensive and before we know it, it has control of us.

We need to use it, not have it use us.

If you can't afford it, don't buy it.

We need to take control, as the marketing machines out there are using all sorts of tricks and traps to take our hard earned dollar's.


Author: Janet Culpitt

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