Discover the key differences between debits vs credits in accounting — debits increase assets, while credits boost liabilities and equity. In accounting, debits increase assets and decrease ...
An example of good debt is a student loan used to pay for education that increases your earning potential or a mortgage for a home that builds equity over time. A car loan can be considered bad debt ...
Kelly is a former editor for CNET Money covering banking. She has over 10 years of experience in personal finance and previously wrote for CBS MoneyWatch covering banking, investing, insurance and ...