The Whitehall Ledger - Serving Southern Jefferson County in the Great State of Montana

You can't talk about money without talking about debt and the problems that come with it. Debt is a term that has different meanings in our world today and is a term that is often misused. What creates debt exactly? Debt is a financial position where you have made a financial obligation and the only way you have to pay for it is from money you haven't made yet.

We measure our current lifestyle by monthly cash flow. What happens when you want or need to purchase something that you cannot afford to pay for in full with that monthly cash flow? You have two options. You either borrow money from...