Level 11
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Debt management

Not all debt is bad.  Some debt probably can't be avoided.  Also, utilizing some debt establishes a credit rating which is necessary these days.

 

Using credit card debt is not necessarily bad.  If you use them responsibly, (by having a plan to either pay it off entirely each month, or, have a plan to pay off in a reasonable amount of time to minimize finance charges) they might be a good use of funds.

 

Also, buying a vehicle or home might only be achievable by taking out debt.  Not that many people can pay cash for vehicle(s) and/or homes.