If you don't have any money set aside as savings, you will have a difficult time paying your other bills because you will have to borrow some of what you've earmarked for food to pay hospital beds.
View moreOne common thing that people do when they don't have money right away to pay for something is to use a credit card or otherwise borrow money.
View moreIt's far more likely that you the car-buyer or house-buyer will have to borrow money from a bank (or a friend) in order to buy that house or car.
View moreThe money that you borrow is your debt.
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