Debt - What is Debt

4184 views
 

Watch this video on www.MoneyAcademy.co.za, complete a fun quiz, and you could be in the running to win R2 000!

Ts&Cs: http://www.moneyacademy.co.za/terms-and-conditions

Debt is money you’ve borrowed and must pay back later, and most people will have debt at some point in their lives. There’s also a difference between taking on good debt compared to bad debt. Borrowing money to pay for things you don’t need counts as bad debt.

In this video, we will look at debt in more detail.

Channel:  MoneyAcademy
Topics:  Society