The Mogo Blog

Secret to happiness

You may be surprised to find out about what really drives happiness. Did you know that according to some of the leading experts on happiness, that as much as 80% of our personal happiness comes from meaningful relationships with friends and family?  Did you also know that psychologists have proven that much of what we spend our money on is because we think it will make us happy, yet the facts are it won’t. Big Mistake Although initially those new shoes or that new TV does make us feel a litt

How Much Does a Canadian Wedding Cost? We’ll Show Ya! (Infographic)

Dearly beloved, we are gathered here to break down the average costs of weddings in Canada. Sure, you want to express your undying love to you soul mate, yadda, yadda, yadda, but how much are you and your mate-to-be about to shell out for this happiest day of your life mega party? What’s it going to cost? Read on. Spoiler alert, let your wallet know it might start getting some sympathy pains. [https://blog.mogo.ca/content/images/2015/04/canadian-wedding-cost-infographic-mogo.jpg]

8 Things That Will Surprise (and maybe make you mad) About Credit Cards

One 76.3 Million Visa and Mastercards are in circulation in Canada. (Keep in mind, we have about 35 million people in the country… about 2.11 cards/Canadian.) Source:cbc.ca [http://www.cba.ca/contents/files/statistics/stat_cc_db038_en.pdf] Two People spend an average of 12-18% more when using a credit card, as opposed to cash, debit, or prepaid card options. Source:nerdwallet.com [http://www.nerdwallet.com/blog/tips/credit-cards-make-you-spend-more/] Three Your minimum payment gets yo

I don't want a credit card (but can I live without one?) in 2014

Let’s face it, we all need to spend. Whether it’s online or in person, fun stuff or bills, the average Canadian has money coming in and out. Traditional credit cards make spending easy, but paying hard. Spending aftershock can leave us in total disbelief when the monthly credit card statement finally surfaces. It’s kind of like the shark in Jaws… scary while you can’t see it – and even worse when it shows up. Can 2014 be different? Will you be able to escape the credit card cycle this year, wit

How to Throw a Last Minute Holiday Party for Less than $50

You know what they say… ‘Tis the Season (for partying, socializing, eating, drinking, and spending)’. December can be an expensive month, leaving us with the dreaded January Spending Aftershock. Smart Mogo Minds can totally avoid a cash-induced hangover by sticking to a few easy tips. That’s why we’ve put together this helpful how-to guide for hosting a great holiday party, that could have gotten budget approval from Scrooge. How Can I Spend $50 and Still Be a Good Host? In my opinion, Decembe