MNP Debt Blog

Logically, we know we can’t buy everlasting happiness for 12 low payments of $59.99 – or less than the cost of one coffee a day.

Millennials have a complicated relationship with debt. As the first true ‘digital natives’ this generation grew up in the most media-saturated and consumerist culture in recorded history.

With the Bank of Canada raising interest rates on September 6, debt holders across the country are left wondering what it means for them.

Summer conjures thoughts of lazy days at the lake, sunny afternoons in the garden, family barbeques and road trips you wish would never end.

This discrepancy between income in / income out has led to a significant increase in insolvency filings throughout the province. Sound familiar?

According to an Ipsos survey conducted on behalf of MNP LTD., the majority of Saskatchewan and Manitoba residents feel they can cover next year’s living expenses without incurring more, despite concern about mounting consumer debt in Canada.

Despite the Bank of Canada stating it will keep interest rates stable until next year, more than half (54%) of Saskatchewan and Manitoba residents say they are more concerned about their ability to repay debts than they used to be.

There are few skills as universal and integral to a child’s upbringing than money management.

Fewer Manitoba residents are hovering close to financial insolvency than was the case just a few months ago, according to the latest MNP Consumer Debt Index; a quarterly survey conducted by Ipsos on behalf of MNP LTD.

Whether it’s due to a job loss, marital separation or spending beyond your means, debt and interest costs can quickly become unmanageable. If you owe money and are having difficulties paying them back in a timely manner, you can expect lenders to...