So all our debt adds up to $226,000, but how does it break down?
HOUSE – $177, 778
CAR (really an ultra-dorky minivan) – $8,555
STUDENT LOANS – $23,551
PERSONAL LOAN – $4,900
CREDIT CARDS – $11,216
I’ve heard people slice up their debt as Good Debt vs Bad Debt , but really when your paying out more in interest a month than you spend on your food budget for three months, it’s badder than bad debt……worser debt? ha.
