Cash Flow Management
Good Debt vs. Bad Debt
“Debt” tends to call to mind a negative connotation. But, when used strategically, certain kinds can serve as useful financial tools, affording you access to more liquidity and potential growth down the road. Before setting out to pay your debt off as quickly as possible, consider the various factors at play. You may find that the long-term advantages of holding certain types of debt can outweigh the benefits of paying it off sooner, so be sure to discuss the benefits and considerations with a knowledgeable financial professional.
52% of Americans are spending more than they earn,
out of which 21% regularly have monthly expenses in excess of their income,
only 13.5 percent adjust their spending the following
month to get their
finances back on track.*