The Mogo Blog

Rejoice, Canada – Mint.com Is Ready For Canadians!

Here is a great piece of budgeting software that will (positively) impact your financial life. What is it? Mint.com/Canada [https://www.mint.com/canada] is a safe and secure way to monitor your spending, savings, debt and properties. It’s intuitive system lets you look at your finances from every angle. Set goals, budgets and more – and even receive email telling you when you’ve met goals, or are running low on funds. Mint talks to you in simple language, that makes for an easy, honest look a

Summer Savings Part 3: How to Make December Easier, Start Saving Now

Look, I know it’s summer. We’re all thinking about BBQs, the beach and what we’re going to do for the next long weekend. But what if I told you a little bit of planning now could make the holiday season in December much easier on you? That snapped you out of your summer coma. Whatever December brings your way, it’s usually an expensive month. We all know it, but somehow it always manages to sneak up on me. Travel expenses, presents, winter tires for the car or the hottest new toy for the kids

Save $100 in 10 Minutes: The Rolling Stones Tell You How To Save Cash

Sometimes as a smart spender, you need to decide when to be a smart saver. So here’s a tip that could save you $100 in under 10 minutes… and you don’t even need to do a thing! Sound too good to be true? Keep reading to find out what we mean and you’ll be able to save as much as you want. When you’re looking to cut your costs, it’s important to decide between needs and wants. For things that you actually need, you will have to adjust your budget accordingly. But in the famous words of the Rolli

When You Can't Save More Cash, What About Making More?

Here’s a tip that works well with one-off purchases coming up. If you’ve been reading this blog for a while, I’m sure you’re a Smart Spender, with a balanced budget and tons of compliments on how good looking you are. Beyond that, I’m sure you’ve trimmed up your budget and cut out all the unnecessary pieces. That doesn’t mean you’re finished! Since you’ve been so great at cutting out the costs in your life, it’s time to think about earning some extra bucks. Now, I’m not saying you should go ou

How to Deal With Sunk Costs & Be A Better Spender!

OK – it’s time to get psychological here, and no, there won’t be a test! We’re going to talk about the effects ‘sunk costs’ can have on your finances. A sunk cost is money that you’ve put towards something you can’t get back. Whether it’s a non-refundable purchase (sale items), a phone or a deposit on a vacation rental, it’s spent money – regardless of what you do afterwards. Sunk costs can get dangerous when you need to spend more just to get value out of what you’ve already spent. For exampl