Debt is a reality that almost everyone encounters at some point. Whether it’s student loans, mortgages, credit cards, or business investments, debt plays a significant role in modern financial life. However, not all debt is created equal, and the way you approach and manage it can have lasting implications for your financial stability. Understanding the intricacies of debt, distinguishing between “good” and “bad” debt, and learning how to manage it wisely is essential to mastering your financial future.

Let’s explore three key aspects of debt: recognizing the difference between “good” and “bad” debt, developing strategies to manage debt effectively, and approaching financial stewardship through biblical principles.

Is There Such a Thing as "Good" Debt?

The concept of “good” debt often sparks debate. Traditionally, the idea of good debt refers to borrowing money for investments that have the potential to increase...