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  • Cobblestone American History and Current Events for Kids and Children

    DEBT Good or Bad?

    May 01, 2019 3 minutes
    by Marcia Amidon Lusted

    Some people believe that any kind of debt—whether it’s owing a friend $20 or charging thousands of dollars on a credit card—is bad. But it is almost impossible to live in today’s world without carrying some debt. The trick is to know how to make good decisions about debt.

    Taking on debt can be good if it is an investment in something that will grow in value

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