OUR VIEW: Don’t let debt drag you down

Study reveals that Newton residents living in the V3W postal code of Surrey have highest household debt in Metro Vancouver.

Spend within your means

Here’s some sobering news as Christmas approaches, and it doesn’t involve CounterAttack road blocks.

Not this time.

A recent study conducted by the Social Planning and Research Council of B.C. reveals that Newton residents living in the V3W postal code area of Surrey have the unfortunate distinction of shouldering the highest level of household debt in all of Metro Vancouver, taking into account what they owe compared to what they own.

See more: V3W postal code of Newton is most indebted area of Metro Vancouver, study shows

It’s not great news for some people preparing to storm the stores for Black Friday deals, but there it is.

Donald Trump’s use of the Rolling Stone’s tune “You Can’t Always Get What You Want” during his U.S. election campaign reveals that even the super-rich recognize that sometimes you can’t always get what you want.

Sure, great shopping deals will be had in the days and weeks to come, and people will no doubt take good advantage of them. We’re not saying don’t shop, just be smart about it.

Before you haul out those high-interest, high-balance credit cards, consider the sound wisdom of Mike Ditka’s words: “Success isn’t measured by money or power or social rank. Success is measured by your discipline and inner peace.”

The Now

 

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