Defines debt and highlights how borrowing for education, homes, or businesses can be “good” when it leads to future value or income.

Shows how borrowing for non-essential items at high interest—credit cards, payday loans, flashy purchases—creates “bad debt” that quickly spirals out of control.

Summarizes the personal and financial risks of unchecked debt and shares simple habits (budgeting, saving, emergency funds) to stay in control.