What Are the Different Types of Debt?

Wipe our Debt (Photo credit: Images_of_Money)
Although the term "debt" is widely used, there are generally four kinds of debt: The Good, The Bad, The Ugly, and The Worst.
Good Debt There's not a lot of "good" debt. Borrowing money for home or for school is considered good debt. Some even consider a car loan a good debt to carry. Although, quite honestly, I contend that borrowing for a home and school are the only kind of good debts to carry. A normal run-of-the-mill car should never be considered an investment since it depreciates 20% the minute you drive it off the car lot. Some financial gurus argue that carrying loans for school is not a smart financial situation. However, I think any action you can take to better your financial future is a smart move.
Bad Debt It's clear that credit cards are the fastest way to fall into debt. If you cannot afford to pay off your entire bill within a month or two, then you can't afford the items you want to buy. Too many Americans are getting themselves in way over their heads because of vacations and food and nights out and clothes that are charged away. They then spend the next few years trying to eliminate this debt. (Fact: More than a third-36%-of those who owe more than $10,000 on their credit cards have household incomes under $50,000. Wait. It gets worse: 13% who owe that much have incomes under $30,000. Source: msnmoney.com)
Ugly Debt Stay away from charge cards that are offered at department stores. These cards-across the board-have insulting interest rates. So even if the clerk offers you a 10% discount on each item you bought that day if you open a store card, continue to refuse the offer since the interest rates for the cards hover around 20%. (Wasn't worth that 10% off, was it?) Sub-prime loans and sub-prime credit cards are some really ugly debt, as well.
The Worst Debt And really stay away from payday loan offers. This is equivalent to predatory lending. We see these commercials on television and too often these check cashing and payday loan institutions set up shop in the poorest areas of town. With APR of 400% to 1000% the "services" these businesses offer are unjust and immoral, keeping those with the least financial cushion in a state of perpetual debt. It's incredibly unethical. Fortunately, many of us have known about the pitfalls of entering into an "emergency" loan with these sharks. However, there are too many people who haven't been able to avoid this predatory lending practice.

How To Make Your Wedding Stand Out Of The Crowd

Image by Getty Images via @daylifeA wedding is a huge event, and it takes a lot of planning. Weddings are renowned for either being amazing or being incredibly bad, and making a wedding stand out is the ultimate goal for soon-to-be wed couples everywhere. It can be hard to make your wedding really spectacular, with money concerns and lack of time, but there are ways it can be done.
The most important part of planning your wedding is making sure it reflects your own personality. Be careful in the planning process, and make sure you choose what you like and what reflects you to be part of your big day. Location is an easy thing to choose to really represent your own preferences. If you love the outdoors, for example, have your wedding in a garden or other outdoor area.
Take the same attitude with all your other choices. Choose decorations that you like, and get a cake that you think looks good, rather than letting anything else influence you. What this means is that you can't just choose to have a classic white Church wedding just because it's the easiest or what everyone else is doing. It is your big day. Make it your own.
Also, a good way to make your wedding stand out is to throw in a few little quirky touches. Don't go overboard with this, however, because too much of this can make a wedding seem incredibly zany and informal. In fact, this is usually the difference between a good wedding and a bad wedding. Finding the right balance between the traditions and the quirks is quite a challenge, but if you can manage it, it's the perfect way to add some flair to your wedding.
A few examples of quirks you could add are things like humorous toasts, an upbeat song for the first dance, rather than a slow, romantic ballad, or putting some personal possessions in vases instead of flowers. A very clever idea that hasn't been used in many weddings is to use a photo-booth instead of a guestbook. People, instead of signing their names, have a picture taken of them. This is a perfect example of a very well thought out quirk, and it also makes for a great scrapbook in the future.
Most of all, to make your wedding really stand out, you just need to be comfortable with everything. If something goes wrong, and you get stressed, your guests will be able to tell and will start feeling a little uncomfortable themselves. This happens at all too many weddings, and nobody likes to feel like this. Nobody is going to notice if your wedding dress has a little black mark on it, or if the cake is a little lopsided, as long as you don't seem to care about it.
There are millions of ideas you can use to make sure your wedding stays out of the crowd. The best idea, really, is to be creative with it. Make it as special as it should be.
Having a perfect wedding relies largely on having a perfect venue. Here are some good wedding tips to help you search for that perfect wedding venue.


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