If you think you've mastered the material in this chapter, take our quiz. After you click the ''submit'' button, the answers will appear below.True or false: Mortgage loans are always considered bad debt because they take years to pay off.TrueFalseTo protect yourself from falling into debt, you should sock away enough money to last you through:Two weeks -- just long enough to find another job.One monthThree to six monthsA wise money motto is:Apply for store credit and you can always save 10 to 20 percent on store items.If you can't pay for it in cash and the item doesn't increase in value, you shouldn't buy it.Don't owe more than half your income and you can stay on top of debt. advertisementRelated Links:Inheritance: Save or pay off card debt?Invest or pay off credit card?4 ways to overcome a loss in income Related Articles:Debt settlement or pay up?Keep debt from biting kidsTop 10 causes of debt
If you think you've mastered the material in this chapter, take our quiz. After you click the ''submit'' button, the answers will appear below.
True or false: Mortgage loans are always considered bad debt because they take years to pay off.
To protect yourself from falling into debt, you should sock away enough money to last you through:
A wise money motto is:
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Dear Debt Adviser, I have a debt of $50,000 from balance transfers and credit-line accounts. If I were to pay just the minimum amount due every month (which is what I can afford now) how long will it take to clear, including... Read more