What a debt is?

Debt is a financial burden that can weigh heavily on our shoulders and disrupt our ability to achieve financial freedom. However, understanding what debt is and how to manage it is an essential money skill for achieving financial success.

In this article, you will learn the basics of debt, how to identify different types of debts, how interest rates affect your savings, and tips for paying off your debts and achieving financial freedom. We will also discuss the importance of financial education and developing money skills so you can make informed decisions about your finances.