In today’s term being debt-free is a relative term at least the financial analysts say that an unbiased analysis would show that being debt-free is being debt-free in financial decisions. The idea of being debt-free in aesthetic terms comes into the consideration when you go for buying a property and if the rate of interest is more than the rent that you are paying now then I must say that it would be a bad deal...you are in debt in real terms.



Gail Roberts, CEO of FNB’s One Account, says that:

Although interest rates play a big role in making an astute financial decision, there are other factors to consider. Primarily though, consumers should consider whether it is better for them to be paying their own home loan or that of someone else