MNP Debt Blog

Debt is often caused by life circumstances such as a job loss or a divorce, or simply by spending beyond your means.

The third Monday of January is coined “Blue Monday” because it is apparently the saddest day of the year. Pairing a Canadian winter with all the bills rolling in from the holidays, makes the term quite fitting.

It’s that time of year again. It’s cold, and dark and wintertime. Nothing saws ‘reward me’ like a little shopping and getting yourself that special something to perk up your day.

January 18, 2016, CANADA – The third Monday in January has been dubbed Blue Monday; what can be for some the most depressing day of the year as the holiday bills arrive around this time.

The Execution Act is the legislation responsible for outlining those assets that cannot be seized by a creditor or a Trustee in Bankruptcy to help pay down debts.

In order to stick to your budget during occasions when you may be tempted to go astray, it may help to set financial objectives for the new year, allowing you to look towards future goals and stronger financial security.

With thousands of Albertans laid off due to the downturn in the oil and gas industry, it’s no surprise to learn that Alberta is experiencing an all-time high in delinquent loans.

Christmas is upon us. It is time to plan for gifts, family gatherings and travel. Just like Santa Claus and his Elves, planning is a must and a credit card can be an important part of your tool box.

To keep yourself on track for a good financial start to 2016, try creating a detailed budget before you leave your house. Having a plan in hand will help you check things off your list – rather than adding to it!

It is hard to believe that Christmas is only two weeks away, but step into any retail establishment and you’ll be sure to notice the holiday displays and buzz.