The Mogo Blog

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

Crush your debt in 2 ways

Debt sucks, we agree. It’s the biggest financial stressor for most people, which is why paying down debt has been the top financial goal for Canadians 9 years in a row [https://www.newswire.ca/news-releases/canadians-say-paying-down-debt-is-their-top-financial-priority-in-2019-cibc-poll-703542692.html] . A recent survey shows that 57% of Canadians are carrying credit card debt, which proves that credit cards are a widespread problem and bad for your financial health. In fact, research has show

Guess what? We reached 900,000 Members!

If you’re a MogoMember, thank you for being one of the 900,000 Canadians who’ve chosen Mogo to help get better control over your finances. 🎉🎉 Just so you know, we aren’t even close to slowing down. We’ve got BIG things coming, including an exciting new experience on the Mogo app and a ton of educational content to help you get debt-free faster, invest wisely, spend less, and much more! Thanks again — can’t wait to celebrate the 1,000,000th Member!

MogoMoney update: an even smoother app experience

Another day, another update. We’re excited to share some important improvements made to the MogoLiquid experience for all pre-approved customers. With every product update we make, there’s really only one big question we focus on: does this create a faster, easier, and more seamless experience for our customers? We’re always aiming to answer this question and it’s what you should expect with any further updates down the road. But for now, let’s get into what’s included in the upcoming enhance