The Mogo Blog

Updated April 22, 2020 The COVID-19 pandemic has been challenging for all of us, many of us are facing never-before-seen financial challenges, businesses have been forced to close down and workers are being laid off. If you’ve lost your job, we’ve put together an action plan below that could help you through this challenging time. We’ll continue to update this list as the situation evolves. If you’re a current MogoMember and you have any questions about your active Mogo products and services

With the Coronavirus pandemic happening, it’s highly recommended that we stay in. If you’re thinking of things to do, here’s a timely one you can consider: taxes. Tax season is here! This can be a time of mixed emotions. For most, doing taxes feels complicated and boring (More than half [https://www.canada.ca/en/revenue-agency/corporate/about-canada-revenue-agency-cra/individual-income-tax-return-statistics.html] of Canadians hired pros to do their taxes), and yet, everyone gets excited about

Sunday was International Women’s Day, and we celebrated a year of amazing achievements including: 1. 🌳 Greta Thunberg leading a global movement for climate change – she’s also been nominated for the Nobel Peace Prize. 2. 🌌 Katie Bouman heading up the team that captured the first ever direct image of a black hole. 3. ⚖️ Sanna Marin becoming Finland’s youngest serving Prime Minister – all five parties in the country’s governing coalition have female leaders! While women are cle

It's the middle of the work week and you're probably already thinking about the weekend, wishing it would come sooner. Maybe you're even dreaming about living a life that only has weekends. The question we rarely ask ourselves is, “How bad do I actually want that life?”. It’s easy to let what you desire slip away and accept something lesser, but it’s important to be absolutely honest with yourself. If you want to achieve something, like getting out of debt sooner, buying a home, or retiring,

Why do we spend our money on things and experiences? Whether it’s a pair of shoes or a nice dinner out, we do these things not because we have to but because we think they’ll make us happy. But research suggests nothing makes people happier than having their finances in order (out of debt and on track for your long term wealth goals). So if you’re not saving as much as you should or you’re currently in debt, spending less and focusing on getting out of debt and increasing your savings will act