Managing debt is a foundational cornerstone of prudent financial planning. Poorly managed debt will impact all other aspects of financial planning including day-to-day cashflow, building up your savings and emergency funds, securing sufficient protection for yourself and your loved ones, and hamper any plans to grow wealth in the long term.

It is important to equip yourself with knowledge on how different debt products work and determine which is most suitable for your needs without compromising your broader financial plan.