Debt is defined as the state of owing money. We acquire debt in many forms—purchasing vehicles or a home, taking on loans for education, or accessing revolving credit lines. When debt is handled properly, we can strategically build healthy debt to help budget and to create a healthy financial cushion. Join SAFE’s Financial Wellness Team for this discussion on the difference between healthy and unhealthy debt, with a strategy to reduce high interest debt.
Topics covered in this session:
• Defining healthy debt
• Exploring the benefits of healthy debt
• Defining unhealthy debt
• Discussing the risk of unhealthy debt
• Reducing high interest debt