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.

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