New Year’s resolutions should be about fun stuff, not your debt In our corner of the fintech world, January 1st is an important day. Why? (Yes, it’s New Years Day, but that’s not it.) Because on January 1st, once ye olde hangover has dissipated, people realize that it’s time to face the music. And by music, we mean debt. On January 1st, the holidays are officially over, and it’s time to reckon with our wily pre-Christmas spending habits. This shift in attitude is measurable: last year, the increase in search terms like “debt consolidation” peaked in Canada between December 29 and January 4th. And let’s face it: if over the holidays we spend irresponsibly, when the new year and our new debt (and lower credit score!) rolls around, we have no one to blame but ourselves. But if you ask us, it doesn’t have to be this way. The Holidays Are Designed to Make Us Spend MoreIf this has been (or will be) you, know you’re not alone and if we’re honest, the deck is stacked against us. Every year, as we set about our holiday shopping, we’re liable to
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We are so excited to launch the “Commando”, our newest Mogo Prepaid Visa Card! Sometimes in life, “too many” is not a good thing. Too many cronuts, unopened bills, tequila shots, and plastic cards stuffed in your wallet never did you any good. But we can say NO to too many and YES to simplicity. Take your spending back to basics and go “Commando” with the first Matte Finish Mogo Prepaid Visa Card! Mogo got together with local Vancouver model Taby Cheng who tried “Commando” on for size. How would you describe your personal style? My personal style is a mix of different trends. I love mixing trends like mens wear and sports wear with feminine pieces. I think my wardrobe consists of only 4 colours – black, navy, grey, and beige. What’s your best fashion tip for looking good without breaking the bank? My best fashion tips would be to attempt thrift store shopping. Some of my favourite items to wear have been from the thrift store in spots that you wouldn’t normally look like the mens or kids section. You can find a lot of old school sports shorts or sweaters from big brands like nike or
Even the government has noticed there’s a problem with all the bank fees and has now mandated that all big banks offer a no-fee option, but only for consumers they see as “vulnerable” such as students, senior citizens and low-income Canadians. Although this is a good start, there’s still a long way to go. What’s more, the no fee option only includes up to 12 free debit transactions, which easily adds up quickly if you are active in using your card. Considering the average Canadian has record debt levels of $27,000, Mogo believes it’s time everyone had a free option without any limits on the number of transactions. This is the thinking behind Mogo’s Prepaid Visa Card; it’s free and you get unlimited monthly transactions. Considering the banks just came off a record 2013 and are continuing to report record profits, I’m not sure we’re going to see them move to unlimited free transactions anytime soon.
On June 8th, we’ll be celebrating Italian Day 2014 by hooking up Mogo Prepaid Visa Card holders with a FREE slice of wood fired pizza from the hippest pizza truck around, Community Pizzeria. We wouldn’t dare leave you thirsty, so we’ll also provide Mogo water – gratis, of course! All you have to do is flash your Mogo Card and you’ll be feasting on complementary pizza and H2O, as it should be. If you don’t have a Mogo Card yet, don’t fret. You can sign up on the spot for an invitation – all you need is an email address and an appetite. The Community Pizzeria food truck will be parked in front of our Commercial Drive Mogo location on June 8th from 12-4. See you there! Check out Community Pizzeria’s mouth-watering gallery!
We’re big fans of excellent design here at Mogo and have been working closely with a group of talented designers to bring you over 30 Mogo Card designs. In this blog series, we’ll profile some of the designers we’ve been working with, his or her latest project and showcase the limited edition Mogo Card design(s) created exclusively for the Mogo community. The Mogo Card Artist Series This spring, we’re thrilled to release the Mogo Card Artist Series with the first cards by world renowned artist, Mike Joyce. Joyce is best known for his graphic design work in the music and entertainment industry. He’s designed album covers for musicians like Iggy Pop, Katy Perry, Aretha Franklin and more. His latest creation is Swissted – a personal project recently turned into a 200-page book. In *Swissted: Vintage Rock Posters Remixed and Reimagined *(Quirk Books, $28) Joyce redesigns show flyers for legendary punk, new wave and indie rock concerts in international typographic style. Every single one of these shows actually happened and each design is set in lowercase berthold akzidenz-grotesk – not helvetica, as noted on his website. I’m partial to his design for Iggy Pop with the