Lesson 1: How does debt work?

Debt, loans, credit, oh my! Borrowed money comes in many different guises. Whatever it’s called, it’s crucial to understand how it works before you sign the dotted line. Get the basics down, and you can steer clear of trouble and instead use debt to fund life’s most exciting milestones.

Why Debt Is One of the Biggest Life Decisions You Can Make
What Kinds of Things Can You Buy With Borrowed Money?
How Does Debt Actually Work?
Compound Interest Explained
How Much Can You Afford to Borrow?
Test Your Knowledge
Next Steps