Category: Money Talk Monday
Amarillo College associate professor of behavioral studies, Debra Avara is the author of “What We Should Have Learned in High School about Money, Sex and Marriage”, 2009 and 2nd ed., 2010; “What I Need to Know About My Money, Money for the Challenged Individual”, 2012, presents Money Talk Mondays. A weekly column to help the AC community with their monetary questions.
Is there such a thing as “smart debt”? Is it really better to buy the big stuff on credit than to pay cash? If not, how do you build your credit without getting into massive debt?
Yes, there is such a thing as smart debt. Most financial advisors say that smart debt is anything that can help you financially.
By Debra Avara Payday loans are small loans, usually a few hundred dollars or less and are short term (two weeks or so). Basically, you are borrowing against your next paycheck. To get...