Cyber Monday And Black Friday

While Black Friday and Cyber Monday used to be predominantly American shopping events, Canadian consumers and retailers have gotten right on board in recent years. While there is opportunity for cost savings, it’s important to be aware of exactly what you’re spending and what you’re spending it on. Without a proper budget in place to keep your spending aligned with your monthly expenses and long-term financial objectives, it can be all too easy to get into the spirit of shopping and put yourself in a costly cycle of debt – especially if you are putting the expenses on your credit card.

MNP Ltd. Trustee Melanie Fuller was interviewed by the London Free Press to discuss how low interest rates have led to high consumer debt. The original article was originally posted online at lfpress.com on November 28, 2015.