Shows
MNP 3 Minute Debt BreakGood Reasons for Borrowing Money (MNP 3 Minute Debt Break)Borrowing money often gets a bad rap, but in actuality… it’s not always a bad thing. Sometimes life throws unexpected expenses your way, or maybe you need extra cash to invest in your future. In these situations, borrowing can be a smart financial decision—if you’re careful.
2025-05-1503 minMNP 3 Minute Debt BreakPros and Cons of Consumer Proposals (MNP 3 Minute Debt Break)Almost half of all Canadians are just $200 away from not being able to cover their monthly expenses. If you're feeling the financial squeeze, you're not alone. But what happens when unexpected costs push you over the edge?
2025-05-0102 minMNP 3 Minute Debt BreakBreaking the Cycle of Minimum Payments (MNP 3 Minute Debt Break)Credit cards come with the promise of convenience, flexibility, and rewards, making them an essential tool for many consumers. However, the flip side of this convenience is the potential for debt accumulation, especially when only the minimum payments are made each month.
2025-04-1502 minMNP 3 Minute Debt BreakRetiring Debt Free (MNP 3 Minute Debt Break)As Canadians approach retirement, the dream of living those years free from financial burdens becomes increasingly important. However, the reality for many is that they enter retirement carrying debt, which can significantly impact their lifestyle and peace of mind.
2025-04-0102 min
MNP 3 Minute Debt BreakRetraite Sans Dette (Parlons Dettes EN 3 Minutes)À mesure que les Canadiens approchent de la retraite, le rêve de vivre ces années sans contraintes financières devient de plus en plus important. Toutefois, la réalité pour beaucoup de personnes est qu'elles arrivent à la retraite avec des dettes, ce qui peut avoir un impact significatif sur leur mode de vie et leur tranquillité d'esprit.
2025-04-0103 minMNP 3 Minute Debt BreakTips and Tricks To Pay Off Your Debts (MNP 3 Minute Debt Break)Debt can feel like a never-ending weight on your shoulders, especially as the cost of living continues to rise. Interest rates have gone up, everyday essentials are more expensive, and for many Canadians, incomes haven’t kept pace with inflation.
2025-03-1502 minMNP 3 Minute Debt BreakWhat Debt Collectors Can and Cannot Do (MNP 3 Minute Debt Break)Managing debt is already stressful enough without the constant pressure from collection calls. It often starts with reminders about overdue balances, but before long, it can escalate to intimidating threats, claims your wages will be garnished, your credit ruined, or even that your assets could be seized. As a result, you may feel trapped.
2025-03-0102 minMNP 3 Minute Debt BreakAgents de recouvrement (Parlons Dettes EN 3 Minutes)La gestion de nos dettes peut être suffisamment stressante sans devoir subir la pression des appels de recouvrement. Cela commence souvent par des rappels concernant des soldes impayés, mais la situation peut rapidement dégénérer en menaces plus sérieuses, comme la saisie de votre salaire, la détérioration de votre cote de crédit, ou même la saisie de vos biens.
2025-03-0103 minMNP 3 Minute Debt BreakJanuary 2025 Debt Index (MNP 3 Minute Debt Break)As 2025 begins, Canadians are entering the year with growing concerns about their personal finances. Despite declining interest rates, the latest MNP Consumer Debt Index reveals a steep 10-point drop to 79, marking the second-lowest level since its inception in 2017.
2025-02-2303 minMNP 3 Minute Debt BreakRevenu Unique et Dette (Parlons Dettes EN 3 Minutes)Vivre avec un seul revenu peut sembler accablant, tout spécialement lorsque vous avez des dettes à gérer. Cela donne l’impression qu’il n’y a aucune façon d’épargner ou d’investir, mais avec une planification réfléchie et de la détermination, vous pouvez prendre le contrôle de vos finances.
2025-02-0103 minMNP 3 Minute Debt BreakLiving on a Single Income (MNP 3 Minute Debt Break)Living on a single income can feel overwhelming, especially when you have debts to manage. It might seem like there’s no way to save or invest, but with some thoughtful planning and determination, you can take control of your finances.
2025-02-0102 minMNP 3 Minute Debt BreakDebt and the Emotional Journey (MNP 3 Minute Debt Break)Did you know that 38% of Canadians identify money as their biggest source of stress? Moreover, 35% report that financial stress is causing them to experience anxiety, depression, and other mental health challenges.
2025-01-1503 minMNP 3 Minute Debt BreakRemords de l'acheteur (Parlons Dettes EN 3 Minutes)Imaginez ceci : vous venez de vous inscrire dans une salle de sport, d’acheter une propriété en multipropriété ou de souscrire à un nouveau forfait, persuadé que c’était une excellente idée. Puis, des doutes s’installent. Ce sentiment est connu sous le nom de remords de l’acheteur, et il est bien plus fréquent qu’on ne le pense.
2025-01-0102 minMNP 3 Minute Debt BreakBuyers Remorse Laws (MNP 3 Minute Debt Break)Imagine this: you’ve just signed up for a gym membership, bought into a timeshare, or switched to a new service plan after someone convinced you it was a good idea. Now, you’re having second thoughts. It’s called buyer’s remorse, and it’s more common than you might think.
2025-01-0102 minMNP 3 Minute Debt BreakHoliday Parties on a Budget (MNP 3 Minute Debt Break)The holidays are a time for gathering with friends and family, sharing laughter, and creating memories. But hosting a holiday party can get expensive, especially with rising costs these days. Thankfully, you don’t need to spend a fortune to throw a memorable celebration.
2024-12-1502 minMNP 3 Minute Debt BreakBad Debt (MNP 3 Minute Debt Break)Debt can be a double-edged sword. On one hand, it can be a valuable tool to build credit and achieve financial goals, like buying a home or pursuing higher education.
2024-12-0102 min
MNP 3 Minute Debt BreakCréances Irrécouvrables (Parlons Dettes EN 3 Minutes)L'endettement peut être une arme à double tranchant. D'une part, il peut s'agir d'un outil précieux pour développer le crédit et atteindre des objectifs financiers, comme l'achat d'une maison ou la poursuite d'études supérieures.
2024-12-0103 minMNP 3 Minute Debt BreakOctober Debt Index (MNP 3 Minute Debt Break)The latest MNP Consumer Debt Index rises to 89 points as lower interest rates improve financial outlook. But the cost of living is forcing Canadians to make some tough sacrifices.
2024-11-1503 minMNP 3 Minute Debt BreakFinancial Literacy (MNP 3 Minute Debt Break)What is “Financial Literacy”? In the simplest terms, financial literacy is understanding how money works. It's about grasping the basics of budgeting, saving, investing, and managing debt.
2024-11-0103 minMNP 3 Minute Debt BreakLittératie Financière (Parlons Dettes EN 3 Minutes)Qu’est-ce que la « Littératie Financière »? En termes simples, la littératie financière consiste à comprendre le fonctionnement de l’argent. Il s’agit de comprendre les bases de la budgétisation, de l’épargne, de l’investissement et de la gestion des dettes.
2024-11-0103 minMNP 3 Minute Debt BreakChecking Your Credit Score (MNP 3 Minute Debt Break)Checking your credit score regularly is an essential step in managing your financial health. Your credit report is a comprehensive summary of your credit history, detailing information like payment history, credit accounts, outstanding balances, and any accounts sent to collections due to non-payment.
2024-10-1503 min
MNP 3 Minute Debt BreakDette et Divorce (Parlons Dettes EN 3 Minutes)Vivre un divorce ou une séparation peut être un défi émotionnel et financier, et l'un des aspects les plus complexes est la gestion des dettes. Tout comme les actifs, les dettes doivent être examinées. Le partage des dettes peut soulever de nombreuses questions quant à la responsabilité, en particulier lorsque l'un des conjoints ou les deux ont du mal à les rembourser.
2024-10-0103 minMNP 3 Minute Debt BreakDebt In a Divorce (MNP 3 Minute Debt Break)Going through a divorce or separation can be emotionally and financially challenging, and one of the most complex aspects is dealing with debt. Just as assets are divided, debts must be looked at too. The division of debt can raise lots of questions about responsibility, especially when one or both spouses struggle to pay it off on their own.
2024-10-0103 minMNP 3 Minute Debt BreakGood Reasons for Borrowing Money (MNP 3 Minute Debt Break)Borrowing money often gets a bad rap, but in actuality… it’s not always a bad thing. Sometimes life throws unexpected expenses your way, or maybe you need extra cash to invest in your future. In these situations, borrowing can be a smart financial decision... if you’re careful.
2024-09-1503 minMNP 3 Minute Debt BreakAvantages d'une Proposition de Consommateur (Parlons Dettes EN 3 Minutes)Près de la moitié des Canadiens se trouvent à seulement 200 $ de ne pas pouvoir couvrir leurs dépenses mensuelles. Si vous ressentez une pression financière, vous n'êtes pas seul. Mais que faire lorsque des coûts imprévus vous poussent au bord du gouffre? Si vous luttez contre des dettes mais souhaitez éviter les conséquences à long terme d'une faillite, une proposition de consommateur pourrait être la solution idéale.
2024-09-0203 min
MNP 3 Minute Debt BreakPros and Cons of Consumer Proposals (MNP 3 Minute Debt Break)Almost half of all Canadians are just $200 away from not being able to cover their monthly expenses. If you're feeling the financial squeeze, you're not alone. But what happens when unexpected costs push you over the edge? If you're grappling with debt but want to avoid the long-term effects of bankruptcy, a Consumer Proposal might be your solution.
2024-09-0202 min
MNP 3 Minute Debt BreakJuly Debt Index (MNP 3 Minute Debt Break)The MNP Consumer Debt Index has dropped to 85 points, down six points from the previous quarter.
Conducted quarterly by Ipsos on behalf of MNP Limited, the Consumer Debt Index tracks Canadians’ attitudes about their debt and ability to meet their monthly payment obligations.
2024-08-1502 minMNP 3 Minute Debt BreakMariage et Dettes (Parlons Dettes EN 3 Minutes)De nombreux Canadiens entrent dans le mariage avec un fardeau de dettes important. Étant l’un des pays les plus endettés au monde, cela n’est pas surprenant.
2024-08-0103 minMNP 3 Minute Debt BreakMarriage and Debt (MNP 3 Minute Debt Break)Many Canadians enter marriage with a significant debt burden. As one of the most indebted countries globally, this isn't surprising.
2024-08-0103 min
MNP 3 Minute Debt BreakMyth-Busting Consumer Proposals (MNP 3 Minute Debt Break)Debt can be a heavy burden, and exploring a consumer proposal can feel daunting. It's natural to seek information online or talk to loved ones during this stressful time.
2024-07-1503 min
MNP 3 Minute Debt BreakManaging Digital Costs (MNP 3 Minute Debt Break)In today’s digital era, the convenience of obtaining anything with a tap of your finger is undeniable. However, these luxuries can quickly add up, significantly impacting your bank account.
2024-07-0103 min
MNP 3 Minute Debt BreakGestion des Coûts Numériques (Parlons Dettes EN 3 Minutes)Dans l'ère numérique d'aujourd'hui, la simplicité avec laquelle on peut obtenir tout ce que l'on veut d'un simple toucher du doigt est indéniable. Toutefois, ces luxes peuvent rapidement s'accumuler et avoir un impact significatif sur votre compte bancaire.
2024-07-0103 min
MNP 3 Minute Debt BreakHow Often Can You File for Bankruptcy? (MNP 3 Minute Debt Break)Canadians are facing a cost-of-living crisis. With rampant inflation, many have taken on more debt just to make ends meet. With interest rates still high, some households might be considering declaring Bankruptcy for the first, second, or even a third time.
2024-06-1503 min
MNP 3 Minute Debt BreakBudget pour L'Inflation (Parlons Dettes EN 3 Minutes)Le coût des produits de consommation courante est en hausse depuis quelques années, ce qui entraîne une augmentation du prix de la nourriture, de l'essence, des vêtements et d'autres produits essentiels dont les Canadiens ont besoin. Selon le calculateur d'inflation de la Banque du Canada, les coûts ont augmenté de 15 % entre 2020 et 2023.
2024-06-0203 min
MNP 3 Minute Debt BreakHow To Budget For Inflation (MNP 3 Minute Debt Break)The cost of daily goods has been rising over the past few years, increasing the price of food, gas, clothing, and other essential items Canadians need. According to the Bank of Canada’s Inflation Calculator, costs have increased by 15 percent from 2020 to 2023. This means an item that used to be $1.00 now costs $1.15. If your income hasn’t increased by 15 percent in the same period, you might be feeling the pinch of inflation on your budget. Now might be a good time to revisit your budget to ensure your monthly income covers your expenses.
2024-06-0203 min
MNP 3 Minute Debt BreakRemords de l'acheteur (Parlons Dettes EN 3 Minutes)Nous avons tous été dans cette situation. Vous utilisez votre carte de crédit ou signez sur la ligne pointillée pour un achat que vous avez tant désiré. Cependant, après quelques instants, jours, voire même une semaine, un sentiment de malaise s'installe. Peut-être que l'achat ne correspond pas tout à fait à vos attentes, que le budget n'est pas aussi flexible que prévu, ou que vous estimez que l'argent aurait pu être dépensé de manière plus judicieuse ailleurs.
2024-05-2103 min
MNP 3 Minute Debt BreakBuyers Remorse (MNP 3 Minute Debt Break)We've all been there. You swipe your credit card or sign on the dotted line for a purchase you've been dreaming about. But then, a minute, a day, or even a week later, that sinking feeling sets in. Maybe the purchase isn't quite what you expected, the budget doesn't stretch that far, or you think the money could have been better spent elsewhere.
2024-05-2102 minMNP 3 Minute Debt BreakApril Debt Index (MNP 3 Minute Debt Break)The latest MNP Consumer Debt Index has rebounded significantly to 91 points — an eight-point jump since last quarter after a full year of low scores.
2024-05-0203 minMNP 3 Minute Debt BreakWhat Are The Signs Of Good Financial Health (MNP 3 Minute Debt Break)Managing personal finances in Canada's current economic landscape is a discussion most households are having. With high levels of household debt, soaring inflation, and climbing interest rates, understanding and navigating personal finance has become crucial for individuals and families alike.2024-04-1503 minMNP 3 Minute Debt BreakThe CRA Assessed Me Whats Next (MNP 3 Minute Debt Break)Imagine receiving a call with the message, "This is the Canada Revenue Agency calling. We assessed your tax return that you didn’t file, and you have a significant balance owing." Does this scenario seem all too familiar? It's a situation many Canadians find themselves in, often due to oversight or confusion regarding tax obligations.2024-04-0103 minMNP 3 Minute Debt BreakL’ARC m’a évalué (Parlons Dettes EN 3 Minutes)Imaginez recevoir un appel avec le message, « Nous sommes l’Agence du revenu du Canada. Nous avons évalué votre déclaration de revenus que vous n’avez pas produite, et vous avez un solde important à payer ». Ce scénario semble-t-il trop familier ? C’est une situation dans laquelle se retrouvent souvent de nombreux Canadiens, souvent en raison d’un oubli ou d’une confusion concernant leurs obligations fiscales.2024-04-0103 minMNP 3 Minute Debt BreakWhat If I Owe the CRA a Lot of Money (MNP 3 Minute Debt Break)Owing the government money can be VERY intimidating. It’s a topic that resonates with many Canadians. How to deal with debt owed to the Canada Revenue Agency, especially given the CRA's broad powers to collect what's owed. We’ll dive into what those powers entail, how you can navigate the situation, and what options are available if you find yourself overwhelmed.2024-03-1502 minMNP 3 Minute Debt BreakIs There a Statute of Limitations On My Debt (MNP 3 Minute Debt Break)Each province in Canada has its unique statute of limitations governing how long a creditor has to take legal action against you for debt collection. Taking Alberta as an example, under the Limitations Act, a creditor has two key time frames to initiate legal proceedings: within two years from when they first became aware of the debt or ten years after the claim arose, depending on which period ends first.2024-03-0102 minMNP 3 Minute Debt BreakDette de l’ARC (Parlons Dettes EN 3 Minutes)Avoir une dette envers le gouvernement peut être TRÈS intimidant. C'est un sujet qui résonne avec bon nombre de Canadiens. Comment aborder les obligations envers l'Agence du revenu du Canada, surtout compte tenu des pouvoirs étendus de l'ARC pour recouvrer les sommes dues ? Nous allons analyser en détail les implications de ces pouvoirs, comment naviguer dans cette situation et quelles alternatives s'offrent à vous si vous vous sentez dépassé.2024-03-0102 minMNP 3 Minute Debt BreakJanuary Debt Index (MNP 3 Minute Debt Break)Canadians’ current debt perception has reached an all time low on MNPs Consumer Debt index. Conducted quarterly by Ipsos on behalf of MNP Limited, the Consumer Debt Index tracks Canadians’ attitudes about their debt and ability to meet their monthly payment obligations. And last month, the Index has dropped to 83 points.2024-02-1503 minMNP 3 Minute Debt BreakAméliorer Votre Pointage de Crédit (Parlons Dettes EN 3 Minutes)Les cotes de crédit sont importantes lorsque les institutions financières décident de vous prêter de l'argent ou de vous accorder un crédit. Considérez votre cote de crédit comme une réputation financière qui vous suit partout, indiquant aux banques et aux prêteurs si vous avez de bonnes relations avec l'argent. Votre cote de crédit reflète votre capacité à répondre à certaines exigences financières, telles que l'obtention ou le remboursement d'un prêt ou l'obtention de meilleurs taux d'intérêt.2024-02-0103 minMNP 3 Minute Debt BreakRebuild Your Credit Score (MNP 3 Minute Debt Break)Credit scores are important when it comes to financial institutions deciding if they'll lend you money or extend your credit. Think of your credit score as a financial reputation that follows you around, telling banks and lenders if you're good with money. Your credit score reflects your ability to meet certain financial requirements such as qualifying for or paying back a loan or getting better interest rates.2024-02-0102 minMNP 3 Minute Debt BreakThe Link Between Mental and Financial Health (MNP 3 Minute Debt Break)The close link between mental and financial health is undeniable. Compromised mental health not only impacts personal well-being but also has significant economic implications. Similarly… financial stress can severely affect mental health.2024-01-1503 minMNP 3 Minute Debt BreakSignes de Difficultés Financières (Parlons Dettes EN 3 Minutes)Parfois, des difficultés financières peuvent surgir de manière inattendue, perturbant tout sur leur passage. Cependant, il est rare que l'endettement apparaisse soudainement. En général, des signes se manifestent le long du chemin, et les reconnaître précocement peut faire toute la différence. Voici quelques éléments à surveiller et des conseils sur la façon de les gérer avant que la situation ne devienne trop délicate.2024-01-0103 minMNP 3 Minute Debt BreakSigns You Might Be In Financial Trouble (MNP 3 Minute Debt Break)Sometimes financial trouble can creep up on us, turning everything upside down. But it's rare for debt to just appear out of the blue. Usually, there are signs along the way, and recognizing them early can make a big difference. Here are a few things to look out for and how to handle it before things get too tricky.2024-01-0103 minMNP 3 Minute Debt BreakResolutions for a Debt Free New Year (MNP 3 Minute Debt Break)Happy Almost New Year! With this new year comes the chance to tackle those resolutions you’ve been thinking about. Especially the financial ones. But it can be tough and setting goals to reduce debt and actually making a dent in it are two different things. So, here are some solid steps to help you move confidently towards a more debt-free life in 2024.2023-12-1502 minMNP 3 Minute Debt BreakBudgeting During the Holidays (MNP 3 Minute Debt Break)The Holidays can be all about feasting, toasting, and spreading joy. But let's face it. The pressure to go all out during the festive season can turn wallets inside out, leaving you in a financial hangover that lasts into the new year. The good news? You don't have to break the bank to have a blast this holiday season.2023-12-0102 minMNP 3 Minute Debt BreakBudgétisation des fêtes (Parlons Dettes EN 3 Minutes)Les Fêtes peuvent être synonymes de festins, de toasts et de joie partagée. Mais soyons réalistes. La pression d’en faire trop pendant la saison des festivités peut vider les portefeuilles, laissant place à une gueule de bois financière qui dure jusqu’à la nouvelle année. La bonne nouvelle ? Vous n’avez pas besoin de casser la tirelire pour vous éclater pendant cette période des Fêtes.2023-12-0102 minMNP 3 Minute Debt BreakComment Savoir si j’ai Trop de Dettes (Parlons Dettes EN 3 Minutes)"Comment savoir si j'ai trop de dettes?" C'est une question que beaucoup se posent, et la vérité est que ce n'est pas toujours une question de chiffres. Bien que la situation de chacun soit unique, il existe des signes universels qui peuvent indiquer que votre dette atteint un niveau inconfortable.2023-11-1503 minMNP 3 Minute Debt BreakOctober Debt Index (MNP 3 Minute Debt Break)From near zero to the highest interest rates in more than two decades, the latest MNP Consumer Debt Index reveals that Canadians’ debt outlook has reached the most pessimistic point since tracking began five years ago.2023-11-1503 minMNP 3 Minute Debt BreakHow Do I Know I Have Too Much Debt (MNP 3 Minute Debt Break)"How do I know if I have too much debt?" It's a question many wrestle with, and the truth is, it's not always about the numbers. While everyone's situation is unique, there are universal signs that might indicate your debt is reaching an uncomfortable level.2023-11-0203 minMNP 3 Minute Debt BreakSigns of a Debt Management Scam (MNP 3 Minute Debt Break)Canada has seen a steady rise in debt settlement companies recently. With enticing promises like "Reduce your debts by 70% without the need for bankruptcy," it's easy to see why many are tempted. But as with all things that seem too good to be true, it’s essential to proceed with caution.2023-10-1503 minMNP 3 Minute Debt BreakDépenses excessives (Parlons Dettes EN 3 Minutes)Le dépassement de budget demeure un facteur significatif entraînant de nombreux Canadiens dans des problèmes financiers. La préférence des cartes de crédit par rapport à l'argent liquide et le manque de planification budgétaire ne font qu'aggraver le problème. Avoir des pratiques financières saines dépend de la maîtrise des habitudes de dépenses, telles que la gestion efficace des dépenses, la réduction des dépenses redondantes et le remboursement des soldes de carte de crédit. Si vous avez du mal à faire face à vos dettes ou à vous en rapprocher à chaque utilisation de...2023-10-1003 minMNP 3 Minute Debt BreakOverspending and Managing Money (MNP 3 Minute Debt Break)Overspending remains a significant factor leading many Canadians into financial troubles. The rise of credit card usage over cash and the lack of budgeting only continues to make the problem worse. Having healthy financial practices depends on controlling spending habits like efficient expense management, reducing redundant expenses, and clearing credit card dues. If you find yourself struggling with debt or edging towards it with every credit card swipe, consider some of these tips!2023-10-1003 minMNP 3 Minute Debt BreakInsolvency vs Bankruptcy (MNP 3 Minute Debt Break)While navigating the sometimes turbulent waters of personal finance, two terms might cross your path: 'insolvency' and 'bankruptcy.' The differences between them is important because they play different roles in the financial recovery process.2023-09-1503 minMNP 3 Minute Debt BreakWhy Local Is Important (MNP 3 Minute Debt Break)Before the unforeseen happened in March 2020, a term like 'virtual insolvency proceeding' was nonexistent. To navigate the process of Bankruptcy or Consumer Proposal, a face-to-face interaction with a Licensed Insolvency Trustee (LIT) was mandatory. But, as with many things, the pandemic compelled the Office of the Superintendent of Bankruptcy (OSB) to pivot.2023-09-0103 minMNP 3 Minute Debt BreakPourquoi le Local est Important (Parlons Dettes EN 3 Minutes)Avant que l’imprévu ne se produise en mars 2020, un terme comme « procédure d’insolvabilité virtuelle » était inexistant. Pour naviguer dans le processus de faillite ou de proposition de consommateur, une interaction en personne avec un syndic autorisé en insolvabilité (SAI) était obligatoire. Mais, comme pour beaucoup de choses, la pandémie a obligé le Bureau du surintendant des faillites (BSF) à changer son approche.2023-09-0103 minMNP 3 Minute Debt BreakJuly Debt Index (MNP 3 Minute Debt Break)As interest rates move upwards and the cost of living remains a challenge for households, the proportion of Canadians who report being insolvent has reached an all-time high, according to the latest MNP Consumer Debt Index.2023-08-1503 minMNP 3 Minute Debt BreakMariage et dette (Parlons Dettes EN 3 Minutes)C’est la pause de la dette MNP 3 minutes! Un podcast avec des conseils, des idées et des conseils sur la prise de contrôle de votre monde financier. Apporté à vous par MNP Dette2023-08-0103 minMNP 3 Minute Debt BreakFor Richer or Poorer (MNP 3 Minute Debt Break)For richer… or for poorer? That is the question. Or put another way... when you get married, does your partner’s debt become your debt?2023-08-0103 minMNP 3 Minute Debt BreakConsumer Proposals 3 Common Misconceptions (MNP 3 Minute Debt Break)There are a few different ways you can manage your debt in a smart way. One is a frequently misunderstood topic, Consumer Proposals. We’re going to look at three common misconceptions that could be hindering your journey towards financial freedom.2023-07-1503 minMNP 3 Minute Debt BreakÊtes-vous en bonne santé financière (Parlons Dettes EN 3 Minutes)Nous visitons et parlons régulièrement avec des médecins et d'autres professionnels de la santé pour prendre soin de notre santé. Tout comme nous devrions parler avec des professionnels pour prendre soin de notre santé financière. Comment savoir si vous êtes financièrement en bonne santé? Il existe des signes qui peuvent vous aider à évaluer votre bien-être financier.2023-07-0103 minMNP 3 Minute Debt BreakSigns You Are Financially Healthy (MNP 3 Minute Debt Break)We visit and talk to doctors and other professionals about our health regularly. Or we should. Just like we should talk with professionals about our financial health. How can you tell if you're financially healthy? There are some signs that can help you assess your financial wellbeing.2023-07-0103 minMNP 3 Minute Debt BreakWhat You Need to Know About Credit Card Debt (MNP 3 Minute Debt Break)When it comes to personal debt, there are many areas that can affect how well we can stay in control of it and get ahead. One of the most important to know more about is credit card debt. We'll cover the basics, how it affects your credit score, and strategies to pay it off.2023-06-1503 minMNP 3 Minute Debt BreakTips for Your MNP Debt Scale (MNP 3 Minute Debt Break)When it comes to determining the threshold of excessive debt, it can be a challenging question to answer. Income, expenses, interest rates, and repayment terms all play a role. However, the MNP Debt Scale can assist. This online assessment tool, found at MNPDebt.ca, is designed to give you a clear rating of your debt situation, regardless of your income or the amount you owe.2023-06-0103 minMNP 3 Minute Debt BreakConseils pour le bilan de l’échelle de la dette (Parlons Dettes EN 3 Minutes)Lorsqu’il s’agit de déterminer le seuil de surendettement, il peut être difficile de répondre à cette question. Les revenus, les dépenses, les taux d’intérêt et les conditions de remboursement jouent tous un rôle. Cependant, l’échelle d’endettement MNP peut vous aider. Cet outil d’évaluation en ligne, disponible sur mnpdettes.ca, est conçu pour vous donner une évaluation claire de votre situation d’endettement, quels que soient vos revenus ou le montant que vous devez.2023-06-0103 min
MNP 3 Minute Debt BreakMNP Debt Index Apr23 (MNP 3 Minute Debt Break)Personal finances continue to be a major source of stress for Canadians, and half anticipate that the situation will continue to deteriorate. This is according to the latest MNP Consumer Debt Index conducted quarterly by Ipsos. When asked about the impact of Canada’s current economic conditions on their personal finances, half say they believe the worst is yet to come, while a third feel we are currently experiencing the worst part of the economic cycle. Fewer are optimistic about the future, with only 15 percent stating that the worst is behind us.2023-05-1503 min
MNP 3 Minute Debt BreakThe True Cost of Debt (MNP 3 Minute Debt Break)Debt is something that affects millions of people, and it's a hot topic for a reason. The financial impact of carrying debt can be enormous, but it's not the only thing to worry about. In fact, prolonged debt can have real and measurable effects on your retirement plans, relationships, and even your mental and physical health.2023-05-0103 min
MNP 3 Minute Debt Breakle coût de la dette (Parlons Dettes EN 3 Minutes)La dette est quelque chose qui affecte des millions de personnes, et c’est un sujet brûlant pour une bonne raison. L’impact financier de la dette peut être énorme, mais ce n’est pas la seule chose à craindre. En fait, une dette prolongée peut avoir des effets réels et mesurables sur vos plans de retraite, vos relations et même votre santé mentale et physique.2023-05-0103 min
MNP 3 Minute Debt BreakHow Are Interest Rate Increases Affecting Mortgages (MNP 3 Minute Debt Break)In recent years, Canadians have grown accustomed to low interest rates. The Bank of Canada used low interest rates to encourage spending and spur economic activity during the pandemic. However, 2022 marked a sharp and painful turn for many.2023-04-1503 min
MNP 3 Minute Debt BreakLiving Within Your Means (MNP 3 Minute Debt Break)Living beyond our means can lead to financial disaster. The increasing accessibility of credit cards and online banking makes it easier than ever to overspend. Rising costs of goods and social media pressures to keep up appearances can make it worse. To avoid this, you must spend less than you earn, which is “living within your means”.2023-04-0103 min
MNP 3 Minute Debt BreakVivre Selon ses Moyens (Parlons Dettes EN 3 Minutes)Vivre au-dessus de nos moyens peut conduire à un désastre financier. L'accessibilité croissante des cartes de crédit et des services bancaires en ligne facilite plus que jamais les dépenses excessives. La hausse des coûts des biens et les pressions des médias sociaux pour préserver les apparences peuvent aggraver la situation. Pour éviter cela, vous devez dépenser moins que vous ne gagnez, c'est-à-dire « vivre selon vos moyens ».2023-04-0103 min
Kitimat, What's the future?MNPIn this episode, Devin interviews Alyssa and Brandon from MNP, an accounting firm that offers a range of services beyond just accounting. They help with a wide variety of business and personal challenges, such as estate work and exiting or buying businesses. They also discuss personal tax season, which is in full swing, and offer advice on getting taxes done, even if you have a simple return. They recommend avoiding interest and penalties and potentially receiving a tax refund. While some people do their taxes on their own, having a professional accountant's expertise can provide knowledge and confidence that...2023-03-1508 min
MNP 3 Minute Debt BreakBuilding an Emergency Fund (MNP 3 Minute Debt Break)If you ever asked yourself “How Do I Build An Emergency Fund”, you’re already on your way to better financial health. Recognizing unexpected costs happen is a good first step. The next step is to plan to have the systems and resources in place to successfully navigate a financial situation when one occurs.2023-03-1503 min
MNP 3 Minute Debt BreakQue se passe-t-il si je ne paie pas mes impôts ((Parlons Dettes EN 3 Minutes)Toutes les dettes peuvent être écrasantes, mais il n’y a pas de créancier aussi intimidant que l’Agence du revenu du Canada ou l’ARC. C’est pourquoi les impôts non déclarés et/ou impayés sont deux des raisons les plus courantes pour lesquelles les travailleurs autonomes et les sous-traitants demandent l’aide d’un syndic autorisé en insolvabilité.2023-03-0103 min
MNP 3 Minute Debt BreakWhat Happens If I Don’t Pay My Taxes (MNP 3 Minute Debt Break)All debt can be overwhelming, but there’s no creditor quite as intimidating as the Canada Revenue Agency or CRA. This is why unfiled and / or unpaid taxes are two of the most common reasons self-employed individuals and sub-contractors seek the assistance of a Licensed Insolvency Trustee.2023-03-0102 min
MNP 3 Minute Debt BreakJan Debt Index (MNP 3 Minute Debt Break)The MNP Consumer Debt Index for January 2023 is in… and the Index has plunged 15 points from last quarter and is now at an all-time low. The unprecedented quarterly decline underscores the anxiety Canadians feel about their debt situation amid rising interest rates, persistent inflation, and heightened affordability concerns.2023-02-1503 min
MNP 3 Minute Debt BreakDebt and Divorce (MNP 3 Minute Debt Break)Debt by itself can be a scary thing. Coupled with divorce, it can seem over whelming. Financial issues are a leading contributor to marital breakdown, and it can often be difficult to be on the same page when it comes to settling loans, credit cards and other debts that have accumulated during the marriage. Making matters worse, there are many misconceptions about who is liable for repaying the debts and who creditors can target in the event of a default.2023-02-0103 min
MNP 3 Minute Debt BreakDettes et divorce (Parlons Dettes EN 3 Minutes)La dette en elle-même peut être une chose effrayante. Couplé au divorce, cela peut sembler infranchissable. Étant donné que les problèmes financiers sont l’un des principaux contributeurs à la rupture des liens conjugaux, il peut souvent être difficile de mettre les deux parties sur la même longueur d’onde lorsqu’il s’agit de régler les nombreux prêts, cartes de crédit et autres dettes accumulés pendant le mariage. Pour compliquer encore les choses, il existe de nombreuses fausses informations sur qui est responsable du remboursement des dettes et qui les créanciers peuvent viser en cas de défaut2023-02-0103 min
MNP 3 Minute Debt BreakSurviving on a Single Income (MNP 3 Minute Debt Break)Higher interest rates, instability globally and uncertainty in the new year economically… many households look to 2023 as a year of struggling to make it from one financial obligation to the next. This is especially true for single income families. If you are one of thousands of families performing the financial balancing act of trying to get by on a single income, it can be difficult to make financial goals beyond your next payment. The good news is, with a lot of planning and a little bit of compromise, you can build towards a strong financial future.2023-01-1502 min
MNP 3 Minute Debt BreakResolutions for a Debt Free New Year (MNP 3 Minute Debt Break)It’s a new year! And with it, maybe some new financial resolutions. But, resolving to reduce your debt and making actual progress to that goal are two different things. Here are some real concrete resolutions you can make to ensure you are on the path to being debt free.2023-01-0103 min
MNP 3 Minute Debt BreakRésolutions pour une nouvelle année (Parlons Dettes EN 3 Minutes)C'est une nouvelle année! Et, avec elle, peut-être de nouvelles résolutions financières. Mais, prendre la résolution de réduire ses dettes et progresser réellement vers cet objectif sont deux choses différentes. Voici quelques résolutions concrètes que vous pouvez prendre pour vous assurer que vous êtes sur la voie du désendettement.2023-01-0103 min
MNP 3 Minute Debt BreakSigns Your Are Overspending (MNP 3 Minute Debt Break)Household overspending is one of the most common causes of financial insolvency. It’s also one of the easiest to overlook. Overspending tends to creep up slowly and camouflage itself as a different kind of financial challenge. But once you know the symptoms, they’re almost impossible to ignore. You can eliminate overspending almost entirely by introducing just three straightforward techniques.2022-12-1503 min
MNP 3 Minute Debt BreakBudgeting During the Holidays (MNP 3 Minute Debt Break)The holidays are a time to eat, drink and be merry! But the pressure to celebrate the season can easily send your finances into the red for months. The desire to do the holidays in a big way could see your spending get carried away!2022-12-0102 min
MNP 3 Minute Debt BreakBudgétisation des fêtes (Parlons Dettes EN 3 Minutes)Les fêtes sont l'occasion de manger, boire et être joyeux! Mais la pression exercée pour célébrer la saison peut facilement faire plonger vos finances dans le rouge pendant des mois. L'envie de faire les fêtes en grand pourrait voir vos dépenses s'emballer!2022-12-0102 min
MNP 3 Minute Debt BreakOct Debt Index (MNP 3 Minute Debt Break)The impact of this year’s consecutive interest rate hikes and persistent inflation is becoming clear. Canadians are seeing the effect on their wallets. According to the latest MNP Consumer Debt Index, which is conducted quarterly by Ipsos, more Canadians say life’s necessities are becoming less affordable as the cost of living continues to soar.2022-11-1503 min
MNP 3 Minute Debt BreakFinancial Literacy Month (MNP 3 Minute Debt Break)November is Financial Literacy Month in Canada. This is the month where Canadians strive to become more literate, more mindful and more in control of their finances.2022-11-0103 min
MNP 3 Minute Debt BreakMois de la littératie financière (Parlons Dettes EN 3 Minutes)Novembre est le mois de la littératie financière au Canada. C'est le mois où les Canadiens s'efforcent de devenir plus instruits, plus attentifs et plus en contrôle de leurs finances.2022-11-0103 min
MNP 3 Minute Debt BreakBreaking the Stigma (MNP 3 Minute Debt Break)Breaking stigmas means ridding ourselves of our assumptions, generalizations, and broad-brush statements that are harmful to individuals and groups. We have seen strong movements and positive progress in breaking stigmas that have plagued society for so long, especially stigmas surrounding mental health. Given how connected our finances and our mental health are, we should talk more about breaking stigmas surrounding finance.2022-10-1503 min
MNP 3 Minute Debt BreakVérifiez votre pointage d’endettement - (Parlons Dettes EN 3 Minutes)Quel montant de dette est trop élevé? De toutes les questions que les syndics autorisés en insolvabilité entendent souvent, celle-ci est l'une des plus courantes. C'est aussi l'un des plus difficiles à répondre. Un certain nombre de facteurs peuvent avoir une incidence sur votre expérience de l’endettement, des revenus et des dépenses aux taux d'intérêt et aux modalités de remboursement.2022-10-0103 min
MNP 3 Minute Debt BreakCheck Your Debt Scale (MNP 3 Minute Debt Break)How much debt is too much? Of all the questions Licensed Insolvency Trustees often hear, this is one of the most common. It’s also one of the most difficult to answer. Any number of factors can impact your experience with debt, from income and expenses to interest rates and repayment terms.2022-10-0103 min
MNP 3 Minute Debt BreakFinancial Scams (MNP 3 Minute Debt Break)Financial scams have been around for decades. But they seem to have never been as common, insidious and invasive as they are today. It’s easy to assume you’ll never fall for a scam. But we’re all vulnerable, and we can all become victims if we don’t know what to be aware of.2022-09-0102 min
MNP 3 Minute Debt BreakConsumer Proposal vs Bankruptcy (MNP 3 Minute Debt Break)Today, many Canadian households are struggling to keep up financially. To compensate, many have relied on credit to carry them through financial difficulties. While credit can be a valuable tool, credit reliance can quickly lead to a dangerous cycle of debt and stacking interest.2022-09-0103 min
MNP 3 Minute Debt BreakFraudes Financieres - Septembre (Parlons Dettes EN 3 Minutes)Les fraudes financières existent depuis des décennies. Mais elles ne semblent jamais avoir été aussi courantes, insidieuses et envahissantes qu’ils le sont aujourd’. Il serait tentant de croire que vous ne tomberez jamais dans une fraude. Mais nous sommes tous vulnérables et nous pouvons tous devenir des victimes si nous ne savons pas à quoi nous attendre.2022-09-0103 min
MNP 3 Minute Debt BreakJuly Debt Index (MNP 3 Minute Debt Break)Canadians are becoming acutely aware of how interest rates and the cost of necessities impact their household budgets, as both measures continue on an upward trajectory. Increasing a staggering seven points since last quarter, six in 10 Canadians say they’re already feeling the effects of interest rate increases, according to the latest MNP Consumer Debt Index which is conducted quarterly by Ipsos on behalf of MNP Limited.2022-08-1503 min