The provincial average of total debt in the province of Ontario has nearly tripled. Many consumers are taking advantage of incredibly low interest rates, which can be a dangerous game to play in the event of major life changes such as job losses or illness. Taking a proactive approach and working to pay down your debt now, could prevent debt from taking a firm hold on your financial health down the road.
MNP LTD Trustee Wes Cowan recently spoke with CTV News Kitchener about the increase in debt and ways to tackle it. The original article was originally posted online at CTV News.
CIRP, LIT
Senior Vice-President
Servicing: Waterloo, Cambridge, Kitchener, Stratford, Tillsonburg, Guelph, Listowel, Owen Sound
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.
