Debt is one of the most universal financial experiences there is. A big mistake folks often make when it comes to debt if is managing different kinds of debt in the same way. They either feel guilty about all of it equally, they ignore all of it equally, or they aggressively pay all of it down equally.
All of those are suboptimal approaches.
On this episode of the Dad Math Podcast, Zachary Mineur, CFA, CFP® outlines a framework for organizing and understanding your debt clearly, then explains what kind of debt may be okay to carry, what kind needs to go as fast as possible, and how to prioritize when you have multiple debts competing for the same dollars.
