In the United States, the four most common types of debt are mortgages, student loans, auto loans, and credit card debt. Each type of debt serves a different purpose and carries its own set of risks and rewards. For instance, mortgages can be a helpful form of debt, allowing individuals to invest in a home that is expected to increase in value over time. However, it's crucial to approach debt with caution. Many people fall into financial trouble by using credit cards to purchase items they can't afford, essentially borrowing money from their future selves. Adam advises using debt sparingly and only when it can subsidize an investment that will increase in value over time. It's also essential to do the math and ensure that you can afford to pay off the debt. At Daffy, we're committed to helping individuals navigate their financial journeys, including understanding and managing debt. As a not-for-profit community built around a modern platform for giving, we offer a simple and efficient way to donate to almost every US public charity. With Daffy, you can easily track tax-deductible contributions and access donation receipts all in one place. We waive all membership fees for members with less than $100 in their fund, making it even easier to get started. Whether you're looking to better understand debt, save, invest, or give, Daffy is here to help. Join our community today and take the first step towards a more financially secure future.