The Money Box Video Series On Debt
This week we finally completed a 3-part series on debt. If you have some time to spare, please watch the three videos below, and share your thoughts in the comments section. I am especially curious about if you borrow, what you borrow for, and your thoughts about mobile loans.
1. Saving vs paying off debt
What should you do if you have some extra cash and a loan/loans? Should you pay off the loan or save the money? This video evaluates the two choices and offers a solution.
2. Weaning yourself off mobile loans
If you are using mobile loans a lot, then it means either you are living beyond your means, or that you need to set up a buffer for emergency unexpected expenses. This video looks at why mobile loans are an enemy to financial freedom, and how to break free of them.
3. Good debt vs bad debt
Debt in itself is not bad. What you spend the money on, and your ability to repay that debt while pursuing your other saving and investment goals. This video looks at this, and also shares two methods to pay down your debt.
