Most of us already know that not all debt is alike, and some can actually be beneficial for us. Financially speaking, Qotion regards a good debt as a situation whereby we get to use other people's money to gain some economic benefit to ourselves. Conversely, bad debts cause us to be financially worse off than when we started.
Do you think we Singaporeans are knowledgeable about what constitutes a good or bad debt, and what to do with them? Share your thoughts here!

For Qotion's take on what to do with a good or bad debt, check out our weekly newsletter here:
http://www.qotion.com/enewsletters/17dec09.html