Debt is borrowing money that is not yours. It typically comes at a cost, known as interest. Interest is a percentage of the amount owed. Debt comes with expected payments and an expectation to replay all that you borrowed plus interest. Even financially savvy people can find themselves in too much debt leaving them feeling vulnerable or uncomfortable. A good rule of thumb is to maintain a long-term perspective. We need to learn to delay short-term pleasures in order to reach long-term goals...