Is it perhaps the worst four letter word you know? D-E-B-T. Of course, having a mortgage on your home and a post secondary education are considered good debt, because they are investments in your future. But as a rule, don't bother eying up your friend's new furniture or this season's must have bag. You may be able to see the consumer goods; what you can't see is the consumer debt they are dragging around with them.
29 minutes ago