The third season of the MNP 3 Minute Debt Break podcast has come and gone, and now it's time look back at a few of our favourite episodes.
Household overspending is one of the most common causes of financial insolvency. It’s also one of the easiest to overlook. Overspending tends to creep up slowly and camouflage itself as a different kind of financial challenge. But once you know the symptoms, they’re almost impossible to ignore. You can eliminate overspending almost entirely by introducing just three straightforward techniques.
The average person spends most of their life chasing financial stability. We may not feel like we’re getting ahead, but for many of us that’s ok; as long as we’re not falling behind. What does it mean to be financially healthy, and how can you measure your own financial health?
All debt can be overwhelming, but there’s no creditor quite as intimidating as the Canada Revenue Agency or CRA. This is why unfiled and/or unpaid taxes are two of the most common reasons self-employed individuals and sub-contractors seek the assistance of a Licensed Insolvency Trustee. The bottom line is if you have not filed taxes for several years or your tax debt is severely delinquent, you’re on CRA’s radar. The longer you avoid dealing with the situation, the worse it can get.
Financial scams have been around for decades. But they seem to have never been as common, insidious and invasive as they are today. It’s easy to assume you’ll never fall for a scam. But we’re all vulnerable, and we can all become victims if we don’t know what to be aware of. Here’s a list of some common scams, why they’re effective and how you can protect yourself or a family member from being a victim.
If you are one of thousands of families performing the financial balancing act of trying to get by on a single income, it can be difficult to make financial goals beyond your next payment. The good news is, with a lot of planning and a little bit of compromise, you can build towards a strong financial future.
Season four of the MNP 3 Minute Debt Break podcast premieres on June 5th, so stay tuned for more bite-sized insights on how you can better manage your debt and stay on top of your finances.
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2025-01-08
Lifestyle Debt
Imagine this: you’ve just signed up for a gym membership, bought into a timeshare, or switched to a new service plan after someone convinced you it was a good idea. Now, you’re having second thoughts. It’s called buyer’s remorse, and it’s more common than you might think. But here’s the good news: buyer’s remorse laws exist to protect you.
2024-12-18
Lifestyle Debt
The holidays are a time for gathering with friends and family, sharing laughter, and creating memories. But hosting a holiday party can get expensive, especially with rising costs these days. Thankfully, you don’t need to spend a fortune to throw a memorable celebration. Here are some ways on how to host a fantastic holiday party on a budget.
2024-12-03
Lifestyle Debt
Debt can be a double-edged sword. On one hand, it can be a valuable tool to build credit and achieve financial goals, like buying a home or pursuing higher education. On the other hand, bad debt—like unmanaged credit cards and payday loans—can spiral out of control and lead to significant financial stress if not managed carefully.
