As Canada’s cost-of-living continues to rise at alarming rates and the national economy continues to slump, Canadian’s are buckling under the weight of growing consumer debt and an increase in credit reliance as thousands of households try to maintain certain lifestyles and keep up with financial obligations. But as MNP’s David Gowling reminds us, if the amount of debt you are carrying is worrying you, then the amount of debt you are carrying is too much.
MNP’s David Gowling recently discussed Hamilton’s growing debt issues on the Scott Radley Show. The original broadcast can be found here.
CIRP, LIT, CPA, CA
Senior Vice-President
Servicing: Burlington (Burloak), Mississauga (Square One Mall), Brampton (Mount Pleasant), Brantford, Caledonia, Simcoe, Milton, Mississauga (Winston Churchill), Brampton (Rutherford South), Mississauga (Streetsville)
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.
