Good Debt Bad Debt

Lisa Farnell
Money Clip
Published in
5 min readJul 3, 2020

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Not all debt is created equal and it’s essential you learn the difference.

Photo by Daniel Thiele on Unsplash

Debt is not a dirty word, but many of us grew up thinking it was to be avoided at all cost. My parents had a mortgage to buy the family home that they dutifully paid off. They never borrowed for anything else in their life.

On the one hand, this is good. They didn’t have debt for things like cars that depreciate over time. On the…

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Lisa Farnell
Money Clip

I’m a Money Mindset and Financial Literacy Mentor who loves to write about money, mindset and life experiences! https://fsmoneycoaching.com/