MNP Debt Blog

Debt by itself can be a scary thing. Coupled with divorce, it can seem insurmountable.

At some point, everyone has succumbed to the impulse to buy a new gadget, a new pair of shoes or some other spur of the moment gift for themselves.

Following nearly seven years of sustained, near historic low interest rates, Canadian debtholders were surprised this summer when the Bank of Canada introduced two back-to-back increases in less than three months.

If you want to leave a legacy when you pass away, defeat debt before you retire. Otherwise all you leave may be paperwork and memories.

Owing, in large part, to nearly seven years of ultra-low interest rates, low-barrier borrowing and the relative affordability of credit, Canadians are further in debt than ever before.

The number of Canadians aged 65 and older is increasing rapidly. By 2030, they will make up more than one quarter of the country’s population.

Whoever said money can’t buy happiness has never worked tirelessly for two weeks only to have an over drafted bank account swallow their entire paycheque...

Creating a detailed budget is the first step to getting your finances in order. But don’t’ forget these 10 overlooked expenses.

Student life doesn’t need to include heaps of student debt. Start budgeting today to set yourself up for a financially secure post-secondary future!

Birthdays tend to be a time of celebration and reflection and Canada’s 150th birthday is no exception.