MNP 3 Minute Debt Break

Post-secondary education costs money. Depending on the program, sometimes a lot of it. But there are steps every student can take to prepare for these costs and minimize the future financial impacts of pursuing a higher education.

Every family is different. But usually the one constant in every family is “they’re busy”! Between work, school, extra-curricular activities, making sure everyone is fed and clothed and still trying find the time to sleep… the family budget can get neglected. Without a plan to get or stay out of debt, many households may inadvertently be setting themselves up for failure. The good news is that budgeting doesn't have to be complicated.

The average person spends most of their life chasing financial stability. We may not feel like we’re getting ahead, but for many of us that’s ok; as long as we’re not falling behind.

La personne moyenne passe la majeure partie de sa vie à rechercher la stabilité financière. Nous n'avons peut-être pas l'impression d'avancer, mais pour beaucoup d'entre nous, ce n’est pas grave, tant que nous ne prenons pas de .

Credit cards can be a valuable tool for personal finance. If you can control the spending, and pay off the balances regularly there are no issues. But it’s easy for credit card spending to get out of control. Before you start cutting that plastic in half, consider these steps in credit card spending: analyze, monetize, prioritize and stabilize.

The bills are piling up. You’re constantly getting calls from creditors. You borrow money from friends and family but it doesn’t seem to be helping. You know that you need to do something, but… what exactly do you do?

Les factures s'accumulent. Vous recevez constamment des appels de créanciers. Vous empruntez de l'argent à vos amis et à votre famille, mais cela ne semble pas vous aider. Vous savez que vous devez faire quelque chose, mais... que faire exactement?

The enduring financial impacts of COVID-19 coupled with the pressures of rising interest rates and a higher cost of living are weighing down Canadians’ confidence in their personal finances. This, according to the MNP Consumer Debt Index which is conducted quarterly by Ipsos on behalf of MNP Limited.

Il est toujours difficile de planifier pour de futurs défis financiers. Mais aujourd’, l'inattendu semble être chose courante. Personne n’a de boule de cristal pour les événements mondiaux, sans parler des circonstances imprévisibles dans votre monde personnel.

It’s always been difficult to plan for future financial challenges. But these days, the unforeseen seems to be a regular occurrence. No one has a crystal ball for global events let alone circumstances that are unpredictable in your personal world.