Topic

Debt

How debt works, why interest rates matter, and proven strategies to get out of debt. Practical personal finance literacy from nidhi.

5 lessons in Discovery, Building and Psychology.

Discovery

All Discovery lessons (16)
Start here
43 min readApr 25
Liabilities: What You Owe and Why the Interest Rate Matters

Liabilities are everything you owe. Not all debt is equal: the interest rate determines whether a liability is manageable or dangerous to your net worth.

discoveryfundamentalsdebt
54 min readApr 27
How to Get Out of Debt: Snowball vs. Avalanche

Two well-known strategies for paying off debt: snowball prioritizes motivation; avalanche prioritizes math. How each works and what each one suits.

discoverydebt
157 min readMay 20
Credit and Credit Scores: What They Are and Why They Matter

You've never missed a payment. You have no debt. But the rate you're offered on a mortgage is higher than your colleague's. The difference? Your credit history.

discoverydebtfundamentals

Building

All Building lessons (16)
1110 min readJun 17
Understanding Loan Terms: How to Compare Borrowing Options

When you borrow, interest rate is only part of the story. APR, amortisation, fixed vs. variable, and prepayment rules decide what the loan really costs.

buildingdebtplanning

Psychology

All Psychology lessons (10)
35 min readJul 6
Mental Accounting: Why Every Euro Should Be Equal but Isn't

Mental accounting: why a tax refund gets spent freely while salary gets guarded. Your brain files money into folders, and sometimes that costs you.

psychologysavingdebt