Dangers of Debt

Paying of debt can tie up your future earnings.

• True

• False

• Depends

Usually, debts help you earn more money.

• True

• False

• Depends

Managing debts requires extra record-keeping.

• True

• False

• Depends

It's always a mistake to go into debt.

• True

• False

• Depends

It costs money to be in debt.

• True

• False

• Depends

Some debts are also investments.

• True

• False

• Depends

Late payment fines add to your debt.

• True

• False

• Depends

Being in debt means you ______ someone money.

• owe

• lent

• stole

• ate

If you ________ money, you must pay it back with interest.

• borrow

• burrow

• budget

• budgie

To avoid ______, make loan payments by the due date.

• fines

• phines

• finances

• feigns