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About this activity

Prove you understand the difference between good and bad debt by completing this activity!

Created by

WM
WM
United States

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Level 6. Debt Yes or No
 

Level 6. Debt Yes or NoOnline version

Prove you understand the difference between good and bad debt by completing this activity!

by WM
1

Using Buy-Now-Pay-Later because you can only afford a portion of the full payment

2

Putting an expensive vacation on a credit card with no plan to pay it off

3

Using credit for everyday purchases to earn rewards and then paying it back in full every month

4

Financing holiday gifts so you can pay it back over time instead of all at once

5

Applying for a store credit card to get 20% off a purchase you didn't plan to make

6

Taking out a loan to go to Trade School

7

Borrowing money from parents to start a side hustle

8

Taking out a student loan to become a doctor

9

Financing furniture for a new apartment

10

Taking out a larger student loan so you have more spending money

11

Using credit to customize your new car

12

Getting a mortgage to buy a home you can comfortably afford

13

Borrowing money to pay back someone else you owe

14

Financing a new phone when you are eligible for an upgrade

15

Financing a new game system until you can pay it off in full

16

Taking out a loan to renovate a property so it increases its value

17

Borrowing money to start a well-researched small business

18

Using a credit card responsibly to build credit

19

Using a credit card to pay for a certification that leads to higher-paying jobs

20

You finance solar panels that will lower your utility bills enough to cover the monthly payment

 
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