MNP Debt Blog

5 helpful tips for managing your holiday spending

Making a major purchase can be exciting or necessary, but it is also an expenditure that can get you in financial trouble, particularly if you don’t properly plan for the purchase.

If you were to make a list of things you enjoy doing in your free time, it’s safe to assume budgeting likely wouldn’t rank in your top 10.

Given today’s economic climate and the state of the Canadian dollar, it’s no surprise to learn that many millennials (and thousands of other Canadians for that matter) have not put long-term investments or savings at the top of their lists...

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....

In this tough economic climate, it's difficult to make planning and budgeting for the future a priority. While millennials may still feel like the 'younger' generation, in truth, they are actually beginning to move into management and executive positions...

Canadians plan to spend 17 per cent more this Christmas than last, according to Accenture’s annual Canada Holiday Shopping Survey, an average of $873 compared to the $744 they expected to spend last year.

Making your minimum payments on time might seem responsible, when in truth it could come with some costly consequences.

As unemployment continues to take its toll in Atlantic and Western Canada, the real estate market has taken a hit in many cities as thousands put their homes on the market in hopes of moving on to communities with more opportunity.

If you are having difficulty paying your debt in Ontario and are concerned that creditors may be able to seize your retirement fund or if you are considering withdrawing the fund to pay your debt, it is important to know what creditors can and cannot...