MNP Debt Blog

The average person spends most of their life chasing financial stability. We work, we get paid, and we spend our income on bills, household expenses, retirement savings — and, if we’re fortunate, maybe a little bit of leisure.

“The more you make the more you spend” is a familiar phrase that describes lifestyle inflation. Lifestyle inflation happens when your expenses increase along with the increase to your income. It can become perpetual; every time your salary...

In all aspects of life, we benefit from an ability to anticipate problems before they happen. Whether it’s in your relationships, your job, your health, or simply during your daily commute to work, you know instinctively to keep your eye out for potential...

Often we associate retirement with enjoying the fruits of our labors. But many seniors find themselves struggling financially even after decades of working.

What is Bankruptcy? How does it work? And what are the alternatives? Let’s investigate.

The latest MNP Consumer Debt Index raises red flags about Canadians’ plans to borrow more – and in potentially riskier ways – to make ends meet or finance their purchasing habits over the next few months.

The ads talk about getting out of debt and getting a fresh start. Is that really possible? You decide to make a call and find out. Afterall, what can it hurt?

Many Canadians may find themselves overburdened with debt due to various factors beyond their control.

If you’ve been researching options to manage and overcome your debt, it’s likely you’ve already heard about Consumer Proposals and may even have a basic understanding of how they work.