The Mogo Blog

An Easy Way to Track Spending: Use Only 1 Payment Method

We’ve talked about budgeting your cash before, and knowing what you spend money on – but let’s face it, sometimes that is a tall order. With bills, one-off purchases and the options to use cash, debit or credit it’s easy to get to the end of the month and have no clue where all your funds went to – and how are you going to budget properly when that happens? Here’s an idea for getting your spending on the right track: simplify your methods. Rather than use the combo of cash, credit and debit, s

Vegas Highroller Getaway: Win 3 Nights in Las Vegas + $500!

We’ve upped the ante with our latest giveaway! Not only will somebody win 3 nights at the Planet Hollywood Hotel and airfare for 2 but also limo airport transfer and $500 cash to spend on anything their heart desires in Sin City! Enter HERE [http://apps.facebook.com/vegasgetaway/contests/106048?wfrefid=22f928f64ef7] by April 30 & good luck! Don’t forget to spread the word! For every Facebook wall share we’ll donate $1 to the Make A Wish Foundation (up to $300). Open to Canadian residents only

5 Ways to Avoid Banking Fees

When you’re getting close to pay day [http://www.mogomoney.com/], we all know things can get a little bit tight. That’s when you need to be on the look out for the damaging fees that can occur from bouncing a check or over-drafting your account. Here are five quick tips to make sure you are financially sound at the end of your pay period – act now, and avoid paying when you don’t have to! 1. Monitor Your Money Great things happen to those of us who actually keep tabs on our spending and bala

When to Use Small Loans

As we’ve seen, the Canadian family is up against bigger expenses and debt than ever before [http://bog.mogo.ca/the-average-canadian-family%E2%80%99s-debt-is-100k/]. At times like these, it’s crucially important to remember how much debt we’ve got, the amount we can tolerate, and the amount of cash we need. At Mogo, we offer a great low-cost, low-amount loan of $200 (called Mini Money [http://www.mogomoney.com/]). This is a great loan to take advantage of when you only need a little bit of cash,

The Average Canadian Family’s Debt is $100K

As reported by the Globe and Mail [http://www.theglobeandmail.com/], the debt load of the average Canadian family has hit $100,000. This is a crazy statistic – as rising housing, debt and mortgage costs are pricing Canadians out of the market, and stacking debt up against them. The Vanier Institute of the Family report also reports the debt-to-income ratio in Canadian home is currently sitting at a record high: 150%. That debt-to-income ratio number means for every $100 earned (after tax), fami