MNP Debt Blog

The debt-to-income ratio is a common headline story; for a long time, it has been reported that the number is very high and ever increasing. So what is this ratio, why is it rising, and most importantly, what does it mean for you personally?

Five ways we can financially ready ourselves for life after COVID.

Perhaps the very first financial lesson many of us remember learning as children is the difference between needs and wants.

The festive season should be a wonderful, joyful, and relaxing time of year. However, the weeks and days leading up to the holidays are often stressful and overwhelming. This is due, in no small part, to the self-imposed pressure to stretch budgets beyond...

The holidays can certainly be the most wonderful time of the year. But with all the pressure to spend, it can also be one of the most expensive and stressful.

Canadians who worked from home found that they were able to save a significant amount of money by not having to travel to a work location each day.

Home ownership is a dream for many Canadians; most of whom will require a mortgage to make the purchase possible. A mortgage is a type of secured, typically long-term, and comparatively low-interest loan

Mortgage rates are going up. How will you afford the increase in monthly mortgage payments?

Eight times a year, the Bank of Canada will make an announcement on the key interest rate, and if projections are correct, we are going to see interest rates rise. You could be thinking, what does that mean, how will it affect me, what can I do?