MNP Debt Blog

View our top blogs of 2023, filled with interesting and helpful insights. Our goal is to provide easy-to-understand information about financial best practices.

COVID-19 has amplified financial uncertainty for millions of Canadians. Households have faced loss of income through several rounds of lockdowns and a topsy turvy economy, and some have experienced rising debt loads as a result.

Serious debt is rarely a stand-alone problem. It’s often the result of other factors which either parallel or contribute to financial distress.

​When someone starts talking about financial goals what's the first thing that comes to your mind? Money for retirement? Investing? Taking a cruise around the world? Saving for university for your children?

Whichever holiday debt you’re carrying – or may be thinking of incurring – now’s as good a time as any to change course and make it go away for good.

When all is quiet and your body finally stops at the end of the day, your mind doesn’t always follow suit — especially if you’re struggling with financial stress.

Congratulations! Now that your Bankruptcy or Consumer Proposal is completed, you are in the next phase of taking control of your finances.

Lifestyle creep is the tendency for people to increase their spending in proportion to increased income or availability of credit for material / non-material wants like consumer goods or experiences.

There are several reasons why you might consider joint financing debt.

Many life-changing events are unpredictable. Coping with them is taxing enough without adding steep financial challenges into the mix.