B.C. Credit Expert Offers Holiday Shopping Advice

2015-12-23

Author: Grant Bazian

MNP's TAKE: With the holiday season fast approaching, it's amazing how fast money can slip through your hands. Between parties, gifts, wrapping paper, holiday clothing and travel expenses, it's all too easy to spend more than you were expecting to without even realizing it - that is, until the credit card bills come rolling in.

Creating a detailed and manageable budget (and sticking to it), can be a huge help in financially navigating through the holiday season. 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.

To learn more about what debt solutions are available to you and how you can come up with a customized strategy to manage your debt, contact Grant Bazian, CIRP, Trustee and the CEO and President of MNP Ltd. at 778.374.2108 or [email protected]

FROM THE CANADIAN PRESS

VANCOUVER

The head of British Columbia's Credit Counselling Society is offering a word of warning in the lead-up to the holiday shopping season.

A stack of gift boxes

President Scott Hannah says holiday expenses should be planned and on budget.

Hannah says the average British Columbian has a non-mortgage debt of $25,000, which includes lines of credit, loans and credit cards.

He says that shouldering that level of debt could spell trouble if mortgage rates increase.

Hannah says a rise in debt levels is also happening alongside a decline in spending rates.

He says Canadians are floundering when it comes to managing their savings and meeting other financial goals. (CHNL)

Copyright (2015) Canadian Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

This article was written by The Canadian Press from The Canadian Press and was legally licensed through the NewsCred publisher network.

Latest Blog Posts

2025-07-11

How to prepare for your mortgage renewal in a high-rate environment

Joey Zanni

With rates still elevated, Canadians renewing mortgages face tough choices. Here’s how to prepare. 

Read More

2025-07-11

Unexpected summer expenses

Vicky Samuels

From camps to lawn care, summer costs can add up fast. Learn how to plan ahead and avoid seasonal surprises before they catch you off guard.

Read More

2025-07-08

Parents’ budgeting tips: Five ways to help you save

Alternatives to Bankruptcy Bankruptcy

If you sit down with your parents, they might have a lot of valuable pieces of advice to help you save money. These five tips can help you build a budget. 

Read More

Consultation icon