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.
CIRP, LIT
Senior Vice President
Servicing: London Southdale, St. Thomas, Clinton, London Southdale, London (Queens), Sarnia, Strathroy
2025-07-12
Lifestyle Debt Debt Solutions
Eight times a year, the Bank of Canada will make an announcement on the key interest rate, and if projections are correct, we are going to see interest rates rise. You could be thinking, what does that mean, how will it affect me, what can I do?
2025-06-10
Lifestyle Debt Debt Solutions
Disasters like wildfires, floods, and pandemics can happen without warning, so it’s become critical to future-proof your small business.
2025-03-05
MNP Consumer Debt Index Debt Solutions Lifestyle Debt
As financial struggles persist, the launch of Debt Literacy Month this March aims to break down these barriers, providing Prince Edward Islanders with the critical knowledge and trusted resources they need to regain control of their finances.
