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How to Calculate and Manage Your Debt (MNP 3 Minute Debt Break Podcast)

No matter the size of your debt there are basically only two ways to deal with it; calculating it and managing it down. Listen for tips on how to do both and help avoid the never ending feeling of debt!

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More than half (53%) of Canadians within $200 of financial insolvency; up 10 points since December, reaching a five-year high

More than half (53%) say they are $200 or less from not being able to meet all of their bills and debt obligations each month, a whopping 10-point jump from December. This includes three in 10 (30%, +7pts) who report they are already insolvent with no money left at month-end to cover all their payments.

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Over half (53%) of Quebecers within $200 of financial insolvency; up six points since December

Fifty-three percent say they are $200 or less away from not being able to meet all of their monthly bills and debt obligations, a six-point jump from December. This includes three in 10 (30%, +3pts) who report already being insolvent with no money left to cover their payments at month-end.

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Why earlier is always better when discussing money with your children

We may not always agree with our parents, but we are undoubtedly influenced by their habits, attitudes, and points of view. The norms and traditions of our upbringing can have lasting impacts on everything from the kind of laundry detergent we prefer to our conscious and unconscious relationship with money.

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More than half (52%) of Albertans within $200 of financial insolvency; up 10 points since December

More than half (52%) say they are $200 or less away from not being able to meet all of their bills and debt obligations each month, a whopping 10-point jump from December. This includes three in 10 (31%, +6pts) who report they are already insolvent with no money left to cover their payments at month-end.

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Six in 10 (59%) Saskatchewan and Manitoba residents within $200 of financial insolvency; up 16 points since December, reaching a five-year high

Six in 10 (59%) say they are $200 or less from not being able to pay all their bills and debt obligations each month — a whopping 16-point jump from December and the highest compared to the other provinces. This includes three in 10 (31%, +10pts) who report they are already insolvent with no money left to cover their payments at month-end.

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