Jenn Kitagawa x Mogo Pop-Up Shop

Come by the MogoLounge on May 6th to shop one-of-a-kind pieces by artist Jenn Kitagawa! When: Saturday May 6th 2017, 12-4pm Where: The MogoLounge @ 797 Queen St. West, Toronto What: Your chance to shop postcards, apparel, and posters by local artists and designer Jenn Kitagawa. Jenn’s an award-winning multidisciplinary artist and illustrator. Her work playfully uses pattern, shape and colour to blend illustration and design. Perks: MogoMembers get 10% off their purchases, by showing us your MogoApp or MogoAccount at the event. Chill out on our Instagram-worthy patio, snap some pics, and grab complimentary drinks provided by Sweetgrass Brewery. Featured Sponsor: Sweetgrass Brewing Co. Items to shop: Not a MogoMember? Sign up now to enjoy all the perks SIGN UP

400,000 MogoMembers and counting!

We’re super excited to announce we’ve surpassed 400,000 MogoMembers! Canadians are looking for better solutions to help them get into financial control, and we’re on a mission to offer an innovative digital financial experience that’s easy, transparent, and even….fun. We’re proud to offer Canadians a holistic solution with our four products that make up the MogoAccount; Canada’s only free credit score with free monthly monitoring, free MogoCard and Spending Account, personal loans across the full credit spectrum, and our digital Mortgage solution. Not a Mogomember? SIGN UP NOW

Your first time should be amazing.

Join us for an evening of Adulting—First Time Home Buyers style—at the MogoLounge! WHEN: Wednesday April 19th from 6 to 8 pm WHERE: The MogoLounge, 797 Queen St W, Toronto Buying a home can be confusing…down payment, closing costs, amortization...we’ll un-jargon the process for you and help you with this very adult step in your life. ◆ Adulting 101 for first time home buyers; everything you need to know before you buy a home—in our signature game-show style. ◆ Learn all about the closing costs you need to save for, in addition to your down payment. ◆ Drinks, small bites, and a chance to network and mingle. ◆ Get $500 back on your closing costs when you attend the event and choose a MogoMortgage. Featuring Financial Fitness Coach, Chantel Chapman and Nexera Law Group. Come Adult with us! RESERVE YOUR SPOT

How to avoid bank fees

Over the past few weeks, employees from all five of Canada’s big banks have broken their silence on pressures to meet sales targets at the expense of customer experience. In nearly 1,000 emails, and anonymous interviews, employees from RBC, BMO, CIBC, TD and Scotiabank have come forward with their stories of feeling pressured to upsell, trick and lie to customers to meet unrealistic sales targets and ultimately keep their jobs. That’s not all – according to Statistics Canada, Canadians are paying an average of $216 annually in bank service fees*, which are hidden in the form of overdraft fees, monthly account fees, email transfer fees, etc. People are starting to demand a better experience, and are turning to fintech companies for alternatives to traditional banking methods. We can help with that. 1. Avoid account fees If you're using your bank debit card for all your day-to-day spending, it’s super easy to go into overdraft if you’re spending aimlessly and not keeping dibs on your account balance. Overdraft comes with fees and can lead to a vicious cycle of spending and not saving. What you need is a spending account. Your Mogo Spending Account comes with a

Mogo for Android is here!

Drumroll please…..The MogoApp for Android is here! We’re super excited about it. And, we know you’ve been waiting patiently for it, so we can’t wait for you to check it out. We’re on a mission to build the best digital banking experience in Canada, and to make sure you have access to our products from anywhere, on any device. So, now you can download the free MogoApp in the Google play store, as well as the Apple store - and get your MogoAccount totally set up in just 3 minutes. The MogoApp for Android gives you access to all our products—Free credit score (with free monthly monitoring), the Spending Account, MogoMortgage, and MogoMoney—so you can stay financially awesome on the go. Get the MogoApp for Android DOWNLOAD NOW Apple and App Store are trademarks of Apple Inc., registered in the U.S. and other countries. Google Play and the Google Play logo are trademarks of Google Inc. MogoMortgage is offered by Mogo Mortgage Technology Inc. o/a MogoMortgage (Ontario: FSCO License No. 12836) To apply for any Mogo product, you must open a MogoAccount and pass identity verification. The MogoAccount is currently only

First comes denial...

Credit cards have this sneaky way of keeping us in debt, and even encouraging overspending. In fact, people spend 12-18% more when using credit cards*. They’re what’s considered “revolving debt” - meaning you can continue to spend what you pay down. If you’re like 46% of Canadians who carry a credit card balance every month*, you’ve probably experienced what we like to call... The 5 stages of credit card debt. Giphy Stage 1: Denial Your bank upped your limit...you’re feeling super rich. You can totally handle this extra room on your card like an adult. Right?? Giphy Stage 2: Anger Okay the extra limit maybe got the best of you. You “accidently” balled out on VIP Drake tickets...oh and that brand new outfit to wear to the concert too. Oops. SH*T! You know you’re maxed out and you won’t be able to pay the balance off this month. We probably shouldn’t mention that maxing out your credit card wrecks your credit score as well… Giphy Stage 3: Bargaining Okay okay...what if you can just majorly cut back on everything else this month... You consider eating only instant noodles,

Why you need a Spending Account

You have a chequing account, and probably a savings account...But what about a spending account? Think about it this way: Say you have all of your pay cheque going into your chequing account, and all your bills, savings and fixed costs are coming out of that account. And you’re using your debit card that’s linked to that account for your day-to-day spending. That’s a recipe for blowin’ your budget. So, we created a way for you to move your spending money into a separate account, keep things in check, and avoid overspending! The Mogo Spending Account is designed to help you monitor and control your spending in a convenient and engaging way, with features like instant transaction alerts to your phone with each purchase and updated real-time balance. There are no monthly account fees and unlike a regular credit card, using the MogoCard means there is no risk of overdraft fees or interest charges. We know what you’re thinking. You thought you were being smart by using your debit card rather than racking up credit card debt. It’s a good start! But the problem with using a debit card is that the money's coming

First time home buyer benefits

So, you’re buying your first home. Super exciting stuff. As a first time home buyer, there are a lot of exciting steps you’ll be taking – and we’ll be here to help you along the way through the entire experience. We know it can be a lot. So, we’re here to lighten the (mental) load, and help you be prepared. For Alberta click here. | For Ontario click here. | For BC click here.

How to pay your mortgage off faster

Buying a home is one of the best investments you can make and a super exciting milestone. But, your 25 year mortgage amortization period can sometimes feel like a life sentence. There’s actually a lot of ways you can pay it off faster - without sacrificing your other money and life goals in the meantime. Putting extra money towards your mortgage means huge interest savings and being mortgage-free faster. And, who doesn’t want that. Set up bi-weekly payments Once you have your monthly mortgage payment figured out, set up bi-weekly payments rather than monthly payments. By paying every two weeks rather than once a month, you’ll actually end up paying 13 monthly payments a year - which is an extra payment every year. This will cut your 25 year mortgage down by a few years and will save you money in interest. Put “extra” money towards it If you have a yearly bonus, or get money back on your tax return, (and you don’t have other high interest debt to pay off) consider putting that amount directly towards your mortgage. Look at your housing situation for opportunities Consider ways you could supplement your mortgage payments using