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MNP Debt Blog

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What can I do to assess my financial health?

If you’re like most people, you (at least try to) go to the doctor every year for your annual physical. Why? Because a clean bill of health buys you peace of mind — and the earlier you can catch potential problems like high blood pressure...

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Can working from home help get you out of debt?

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.

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What rising interest rates could mean for you

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?

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Counting down our Top 12 tips of 2021

How will I afford it if my mortgage interest rate goes up one percent?

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

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Are you living within your means?

It’s easier than ever to spend more than we can afford. We pay for most purchases with a debit or credit card — or, increasingly, with the wave of a smartphone or swipe of a finger.

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Children need more financial literacy training in schools, here’s why

Learning doesn’t just happen at school. Teaching children about money and how it works starts at home.

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What are some signs that I’m financially healthy

The average person spends most of their life chasing financial stability. We work, we get paid, and we spend our income on bills, household expenses, retirement savings — and, if we’re fortunate, maybe a little bit of leisure.

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What is lifestyle inflation?

“The more you make the more you spend” is a familiar phrase that describes lifestyle inflation. Lifestyle inflation happens when your expenses increase along with the increase to your income. It can become perpetual; every time your salary...

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Financial jargon can be murky at the best of times. Downright frustrating when you’re sinking in the depths of unmanageable debt.

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