Borrowing money costs extra - always!
Simple Example
Borrow Rs. 100, pay back Rs. 110
That extra Rs. 10 is the cost of borrowing
Good vs Bad Debt
- Good: Education loan (helps earn more)
- Bad: Borrowing for toys (loses value)
Essentials•April 2, 2026•5 min read
Understanding Credit and Debt Basics
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Gollak Team
Family Finance Experts
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