The Mogo Blog

Let’s start off with some good news! Recent stats have shown that Canada is flattening the coronavirus curve. While we’re not out of the storm yet, it’s nice to see positive results coming from all of our sacrifices. For the past month and a half, this pandemic has taught us important lessons on our finances. Many of us have learned how deeply our financial health impacts our happiness during these uncertain times. A past U.S. study has shown that 9 out of 10 people agree that nothing makes the

The economic impact from COVID-19 continues to be felt by almost everyone as job losses mount. Being on top of your finances is now more important than ever. For those of us that are fortunate enough to still have an income, it’s key to start building a financial buffer in case the unexpected happens and your next paycheck never comes. Many people believe that this kind of an emergency fund should cover your essential expenses for 3 to 6 months. But, since many Canadians are currently in deb

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