Page 74 - Managing Your Resources - Student Syllabus - short combined
P. 74
Going into debt for depreciating items is not wise. If you wanted to get out of debt, you would probably
still have debt after selling the item, because your debt may exceed the value of the asset. Not good!
Write out your person plan for future debt. Do you ever plan to borrow money? For what would you
borrow money? It’s good to pre-decide how you plan to deal with debt in the future…..
73
