The Mogo Blog

#AskAnAdult: Getting out of student debt

First adulting question for our Financial Fitness Coach comes from Taylor Reynolds, [https://www.instagram.com/taylurreynn/] a photographer / animator / all-around artistic badass who’s asking about student debt. This #AskAnAdult series is going to be a regular feature on the Kastor & Pollux blog [http://kastorandpollux.com/?p=2202], and you'll be able to read it here on the Mogo blog as well. ![](/content/images/2016/06/mogo_taylor_askanadult.jpg) [https://www.instagram.com/taylurreynn/]“I’ve

Millennials pay this fee the most out of almost everyone

Fees. Everyone pays them. Sometimes because we get suckered into paying them without knowing, other times because they're foisted upon us—we don't really have a choice. Which category does the overdraft fee fall into? Keep reading... ![](/content/images/2016/06/mogo_overdraft-fees_howitworks-1.jpg)Why banks love overdraft fees Signing up for overdraft protection with your bank sounds like a good safety net, but in reality, for you it’s just an avoidable expense—and for them, a pretty lucrative

5 ways to make sure money doesn’t ruin your marriage

Our Financial Fitness Coach, Chantel, just wrote an article on the Ottawa Wedding Journal [https://alanviau.com/] about how to keep it together with your boo while navigating your finances. Check out her 5 Marriage & Money tips: Sorry to break it to you, but when it comes to money honey, you’ve got to bring a business mindset to your marriage. Money issues can be a major reason why marriages fall apart. Like businesses, actually. So while you’re still in the honeymoon phase (aka. when the wate

What's a credit score? (And its everyday uses)

Well, first let’s talk about what a credit report is. Your credit report shows your history of borrowing and details on any loans you’ve taken out, as well as other info like how many times you get your credit checked and how close you are to maxing out your balance. Oh yeah, and if you’ve been avoiding those parking tickets or your phone bill from 2011, those get written up in your report too. The score is calculated based on secret algorithms using all the above—and more. It can be a measure

Revolving credit: why a loan is smarter than a credit card

You’ve probably been told that credit cards are bad because the interest rate is high. But that’s not the only reason—it’s actually because they’re “revolving credit.” If you’re wondering what the hell revolving credit is, you’re in the right place. ![](/content/images/2016/04/revovling-cycle_v2.gif)Let's ask an adult ![](/content/images/2016/04/ask.jpg)Revolving credit comes in the form of a credit card or line of credit that lets you immediately re-borrow what you paid back on principal. And