MNP Debt Blog

Owing, in large part, to nearly seven years of ultra-low interest rates, low-barrier borrowing and the relative affordability of credit, Canadians are further in debt than ever before.

It is amazing how one time of year can bring about feelings of warmth and joy while simultaneously causing stress and anxiety.

Having a household credit card or two can come in handy for multiple reasons – which is probably why there are approximately more than 43 million credit cards currently active in Canada.

A client recently came to me distraught and on the verge of tears. She had tried to sell her house, but couldn't close the sale. There was a lien registered against her property which prevented the transaction from moving forward.

Whoever said money can’t buy happiness has never worked tirelessly for two weeks only to have an over drafted bank account swallow their entire paycheque...

In today’s ever changing market, the possibility of job loss for many individuals is a fact of life. It’s important to plan for unfortunate events and to know how to handle it if it does happen.

Tempering the excitement of buying with some sober expense calculations will make for a happier homeowner experience in both the short and longer term.

Many Canadians contribute to registered retirement savings plans (RRSPs) to fund their retirement.

While it’s perfectly natural to want to go ‘all out’ during the holiday season, it’s important to recognize the true cost of splurge spending.

Author E.E. Cummings, when talking about his debts, is reported to have said, “I am living so far beyond my income that we may be said to be living apart.” Humorous as it may sound, being in debt is never cool.