Debt 101: Is being in debt always bad? / 8

In today’s episode, we kick off part one of our two-part series on debt. Next week, Cassidy will share her personal story of paying off $18,000 in student loans in just 10 months. But first, we’re diving into our general philosophies on debt — when it’s helpful, when it’s harmful, and how to know if you should prioritize paying it off.We also share:A surprising (and a bit frustrating) Dave Ramsey clip about debt that sparked our discussionAverage U.S. household debt statistics (hint: you’re not alone if you have debt)Our thoughts on “good debt” vs. “bad debt” — and why those terms aren’t always helpfulPractical questions to ask yourself when deciding whether to take on or pay off debtHow to balance emotional vs. mathematical decisions about managing debtWhether you’re wrestling with credit card balances, student loans, or just trying to figure out your next money move, this episode is for you. Resources Dave Ramsey clip referenced in the episodeAverage U.S. debt statistics (source)Average student loan debt statistics (source)Support the show📩 Get The Finance Girlies newsletter: https://www.thefinancegirlies.com/newsletter💻Visit The Finance Girlies website: https://www.thefinancegirlies.com/💖Email us your money questions: [email protected]📸Follow us on Instagram:https://www.instagram.com/thefinancegirlies/