The Mogo Blog

You Never Know

It might be hard to believe, but had you invested only $5 into bitcoin in March of 2010 it would now be worth approximately $20 million today. Over the decade, bitcoin has been a real theatre... Although the debate will continue, bitcoin’s now been around for over 10 years and there’s only ever going to be 21 million of them. Today, bitcoin is valued at around $13,500 per coin, about half of its all time high. Whichever side you’re on, remember that bitcoin can be volatile and is clearly

Love (And Money) on my Mind

Whatever your relationship status is on Facebook, with Valentine’s Day just around the corner, we figured that now would be a good time to share some tips to help you kick your love life – and your financial wellness – up a notch: Little frequent gestures of affection mean a lot more than one big gesture once in a blue moon. Text messages can mean more than an expensive gift. – Reddit [https://www.reddit.com/r/AskReddit/comments/3k86nm/serious_whats_your_one_best_piece_of_relationship/]

More money and a healthier planet

Overspending is the number one reason Canadians struggle financially, and overconsumption is directly linked to climate change. In other words, financial health and the health of the planet are closely related. With Canada now in a state of climate emergency, we want to make it effortless for Canadians to make a positive impact while improving their financial health. So, we’re entering Code Red Mode [https://blog.mogo.ca/were-in-code-red-mode/#.YSaFPtNKhjQ] and planting a tree every time you t

Focus on habits, not goals

Now that the new year is under-way, we thought it would be a good time to check in and see how you’re doing with your New Year’s resolution. Every year one of the top New Year’s resolutions made by millions of people is to “get out of debt and save money”. But according to a U.S. News & World Report 80 percent of these resolutions fail by February, so what are we to do? Goals are outcomes that are achieved by consistent behaviors or habits. According to Charles Duhigg author of The Power of Ha

Budgeting for those who don't like to

Don’t like to budget? You’re not alone. A recent survey showed that 44% of Canadians would rather organize their closet than make a budget. But we have good news, there’s a way to do this that isn’t that complicated and won’t take that long to complete. Most importantly, the time you spend going through this exercise will more than pay off in the end and will be a big step forward in your financial journey. The 50/30/20 rule is budgeting for those who don’t like to budget. It works because