Are you wondering if it is bad to be debt? Being in debt feels us with so much stress in our lives. It is a constant burden that continually presses down upon us, making us feel like we are in bondage. We feel bad about being in debt and wonder whether being in debt is a smart decision or if we should get rid of our debt.
Is it Bad to be in debt?
While there are some debts that can be good depending on your financial situation, in general, debt is bad if you have too much and are not managing it properly. We will share with you 6 financial consequences why debt can negatively impact your financial future.