Make a List of typical items paid for through borrowing. Share your list with friends and relatives

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Make a List of typical items paid for through borrowing. Share your list with friends and relatives and ask them to quickly categorize the debts as good or bad. Record their reactions. Then explain the characteristics of good and bad debt and ask them to review the list again. Did their classifications change? How does the average person view debt? Did your respondents consider the characteristics of good and bad debt when making borrowing decisions? Summarize your results.

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