MNP Debt Blog

Mortgage rates are going up. How will you afford the increase in monthly mortgage payments?

It’s easier than ever to spend more than we can afford. We pay for most purchases with a debit or credit card — or, increasingly, with the wave of a smartphone or swipe of a finger.

Learning doesn’t just happen at school. Teaching children about money and how it works starts at home.

The average person spends most of their life chasing financial stability. We work, we get paid, and we spend our income on bills, household expenses, retirement savings — and, if we’re fortunate, maybe a little bit of leisure.

“The more you make the more you spend” is a familiar phrase that describes lifestyle inflation. Lifestyle inflation happens when your expenses increase along with the increase to your income. It can become perpetual; every time your salary...

Financial jargon can be murky at the best of times. Downright frustrating when you’re sinking in the depths of unmanageable debt.

Beginning around the holiday season every year, many people wonder whether they should take the leap and seek professional help with their debt.

Many Canadians may find themselves overburdened with debt due to various factors beyond their control.

Bad financial habits are easy to fall into and impact wealthy households, low income individuals, the highly educated and uneducated alike. They can cause all sorts of personal and financial difficulties — but it’s often not until they’ve...