Many people experience the difficulty of managing multiple debts and day-to-day expenses that can leave you feeling like you are barely getting by on a monthly basis.

With interest rates parked at record lows, many Canadians have taken full advantage – splurging on low cost credit despite a stagnant economy.

With the Bank of Canada holding interest rates at record lows, a new poll conducted by Ipsos on behalf of MNP Ltd. shows that 31 per cent of Canadians anticipate taking advantage of the rates by increasing debt and consumer spending.

Despite the fact that the Canadian economy continues to struggle and unemployment takes its toll on several provinces, low interest rates have encouraged many Manitobans to take on more debt – putting thousands of households at risk should rates increase.

As Canadians are struggling with a weakened economy and a consistently increasing cost of living, it's no surprise to learn that many are relying on credit and (current) low interest rates to help keep up with monthly financial obligations and expenses. Credit can be a great solution for managing short-term necessities, but long-term credit dependency could lead to significant financial distress - especially if you're deep in the red when interest...

The third Monday in January was coined ‘Blue Monday’ as it’s earned a reputation as being the most depressing day of the year. For many Canadians already low on Vitamin D after braving months of a Canadian winter, having bills roll in from holiday expenses can feel overwhelming to say the least.

The third Monday of January is coined “Blue Monday” because it is apparently the saddest day of the year. Pairing a Canadian winter with all the bills rolling in from the holidays, makes the term quite fitting.

As interest rates continue to sit at rock bottom, many Canadians are left feeling (far) richer than they actually are, dipping deeper and deeper into credit reliance to accommodate spending habits.

In today's business environment, many Canadian businesses are having to work twice as hard to keep up with a competitive landscape in a weakened economy. If you really want to stay ahead of the curve and leave the doors open for as much opportunity as possible, it's crucial to be fully informed of your credit score and what you can do to further improve it.

Learning to handle funds responsibly is part of growing up. Unfortunately, it is not something usually taught in schools which means it falls to parents to teach their children how to do so. Here are a few suggestions you might want to consider.