The Mogo Blog

New Credit Card Rules Introduced

Federal Finance Minister Jim Flaherty announced new credit card regulations Thursday. The changes will require financial institutions to provide better disclosure about interest rates. The government wants credit card companies to provide timely advance notice of changes to rates and fees. However, the finance minister has ruled out tougher measures such as placing a hard ceiling on interest rates. It comes a day after the U.S. Congress wrapped up legislation restricting when and how a credi

The Best Apps for Managing Money

Your iPhone becomes even more valuable when you add some money-conscious apps. Here are the top 10 paid financial apps that’ll help you track and save your money. **1. **Spend 2. Checkbook 3. Loan Calculator Pro **4. **iXpenseIt 5. Save Benjis 6. Tip Calculator Top 7. Currency Converter Pro 8. CompareMe 9. BillMinder (40% off) 10. Accounts Find more money saving apps at: http://www.apple.com/iphone/apps-for-everything/managing-money.html

Ridiculous NSF Fees From The Big 5 Banks!

If you bounce a cheque you’re going to get hit hard. Up to $80.00 to be exact. The big 5 banks’ NSF fees vary from $40 to $42.50. They’re not easy to find but we found most of them: • TD – http://www.tdcanadatrust.com/accounts/fees.jsp• CIBC – http://www.cibc.com/ca/pdf/personal-acct-service-fees-en.pdf• ScotiaBank –http://scotiabank.com/cda/content/0,1608,CID437_LIDen,00.html#table3• BMO – http://www4.bmo.com/personal/0,2273,35649_36673,00.html• RBC http://www.rbcroyalbank.com/products/depos

Take Advantage of a Seat Sale with Mogo & Save!

Mike is all about making smart financial decisions! He needs to take advantage of a 1/2 price seat sale on West Jet where he can save $500 (compared to the regular fare price and closest competitors flight) but he doesn’t have the full $500 needed to purchase the ticket. He currently only has $200 in cash. He gets $300 in Zip Money and pays for the ticket and saves $500. He can then pay back $100 every 2 weeks until he owes nothing. Assuming he borrows at $10 per $100, he pays a $30 fee in we