Debt is often labelled as “good” or “bad,” but real life is rarely that simple. This article explains how different types of borrowing, from HECS to credit cards and home loans, work and how they can influence your financial future.

Credit cards and Buy Now Pay Later are now part of everyday spending in Australia, yet many people misunderstand how they actually work. From interest free periods that quietly expire to instalments that stack up across multiple purchases, these payment tools are often easier to use than to fully grasp. This article explains how credit cards and Buy Now Pay Later work, using Australian statistics to outline their structure, usage and interaction.