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MNP Debt Blog

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The Dangers Of Borrowing Money

Borrowing money is something almost all of us must do at one time or another. Just because you’re borrowing money, doesn’t mean you shouldn’t be smart about it.

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November is Financial Literacy Month in Canada; the time for Canadians to enhance their financial know-how. The Lethbridge Herald talked to MNP Ltd. Personal Bankruptcy Trustee, Randy Kobbert, about what people can do to sharpen their money and debt management...

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Read the answers to the top 5 most asked questions about bankruptcy.

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Avoid The Holiday Debt Hangover

Planning for the holiday season should start as early as possible so you can avoid unplanned spending and the unwanted stress that comes with post-holiday debt.

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Staying Debt Free This Winter

As fall breezes in, our thoughts start to focus on upcoming winter events and plans.

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Budgeting Tips For Major Purchases

Making a major purchase can be exciting or necessary, but it is also an expenditure that can get you in financial trouble, particularly if you don’t properly plan for the purchase.

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Don’t Get ‘Tricked’ By Debt

In honour of Halloween this week, MNP Ltd. presents the following somewhat scary facts about Canadian debt.

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Getting into debt can happen to anyone, causing mental stress and uncertainty. To learn how to better manage your money, you must also have an understanding of your relationship with money.

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Should I cash in my RRSPs to pay down my debt?

While it can be tempting to solve a short-term cash problem with long-term savings, cashing in your RRSPs to pay down debt should be a last resort.

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If you are retired and have a large debt load, you may be considering filing for bankruptcy . You may also be wondering, however, what will happen to your retirement income and investments if you declare bankruptcy.

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