Building an emergency fund is essential for financial security. Start by setting a goal for your emergency fund, such as three to six months' worth of living expenses. Cut unnecessary expenses and redirect the savings into your emergency fund. Consider automating contributions to your emergency fund to make saving easier and more consistent. Read more tips on creating an emergency fund here .

Signs of good financial health can include, but are not limited to: Having a budget and sticking to it Regularly saving money Keeping debt levels manageable Having an emergency fund for unexpected expenses Having a plan for achieving financial goals like buying a home or saving for retirement is also important.

Signs of bad financial health can include, but are not limited to: Struggling to pay bills on time Constantly relying on credit cards to cover expenses Having high levels of debt compared to income Not having any savings or emergency funds Receiving collection calls or notices Constantly feeling stressed or anxious about money Check out our MNP Debt Scale to take the assessment and understand more about...

If your debt is becoming unmanageable, seeking help as soon as possible is essential. You can start by contacting a professional like us at MNP Debt for a free, confidential consultation. We can assess your situation and discuss potential debt relief options, such as debt consolidation, Consumer proposals, or Bankruptcy if necessary. To get started, you can use the MNP Debt Calculator to understand your financial situation better and explore potential...

Child support and alimony payments are not eliminated when you file for Bankruptcy. If you are behind on payments, Bankruptcy or a Consumer Proposal can reduce payments on unsecured debt and potentially other monthly bills, so you have more money available for child support and alimony payments. If you are receiving child support or alimony and your former partner files for Bankruptcy, you are still entitled to the money owed to you. Talk to the...