Question

Which of the following is considered an acceptable use of debt?(1 point)
Responses

Buying expensive items you cannot afford
Buying expensive items you cannot afford

Paying for education that increases future income
Paying for education that increases future income

Ignoring interest costs
Ignoring interest costs

Using debt for daily spending
Using debt for daily spending

Answer 1

Paying for education that increases future income.

(That’s considered “good” debt because it can raise earning potential; the others are examples of poor debt use.)