What are ‘good’ and ‘bad’ debts, and which should I pay off first?
- Written by Angel Zhong, Associate Professor of Finance, RMIT University
With the cost of living soaring and many struggling to get a pay rise, it’s not surprising people are using debt to navigate life’s financial twists and turns.
Owing money can sometimes feel challenging, but not all debts should keep you awake at night.
So which debts are good and which are bad? And in what order should you pay them off?...