According to the latest MNP Consumer Debt Index, conducted quarterly by Ipsos, nearly a third (32%) of Atlantic Canadians report turning to bill-splitting strategies such as carpooling, buying in bulk, sharing subscriptions and childcare, and living with others.

The fresh start you obtain after filing a Consumer Proposal or Bankruptcy offers many new paths for managing your day-to-day needs and planning for your future.

If your research into your personal finances shows that you have unmanageable debt, then working with a trusted advisor is going to be a huge part of your financial journey.

According to the latest MNP Consumer Debt Index, conducted quarterly by Ipsos, British Columbians are more likely than any other province (38%) to report turning to bill-splitting strategies such as carpooling, buying in bulk, sharing subscriptions and childcare, and living with others.

Student loan debt has become a significant cause of financial burden on many post-secondary students in Canada. As the cost of education continues to rise, many students leave university or college carrying the burden of debt and the repayment process.

With interest rates rising and borrowing costs remaining a challenge for households, the proportion of Quebecers who feel anxious about debt has reached an all-time high.

Everyone’s financial journey is unique. If yours looks like it may lead you down the path of working with a Licensed Insolvency Trustee to file for Bankruptcy or submit a Consumer Proposal, then a debt-free future awaits you. The sign that you’ve finished all of your payments, is an official discharge from Bankruptcy or a Certificate of Full Performance from a Consumer Proposal.

Do-it-yourself tools like the MNP Debt Calculator and the MNP Debt Scale are a great place to start and will help determine your next steps.

Many people start a new month or year with the intention to budget and save, but not many are able to stop themselves from overspending. If you’re dealing with overspending issues, you’re not alone.

Managing your money and dealing with debt can be tough. It's even more challenging when you have to watch out for scammers.