The Mogo Blog

10 jobs that pay Canada’s average salary

According to the researchers at CareerBuilder.ca, the average Canadian salary is right around $42,000. Depending on your neighbourhood and spending style, that’s enough to get by in the great country. Obviously there are Canadians spread all across the wealth scale, from the Thomsons [http://www.canadianbusiness.com/gallery/20593--top-20-richest-canadians?page=2] , right down to us average Joes. If you’re a kid looking for careers, or are just interested in what the average is, here’s a list of

Save $10 in 10 Minutes: Safer Driving Saves on Gas

Summer is fast approaching, and that means a lot of different things. But for me, I always think of road trips. Before you hit the open road this summer, take 10 minutes to save some bucks on gas with these easy-driving, cash-saving techniques: 1. Keep your speed down This is a 10 minute tip that will save you money over the long run. While going faster may seem like a good idea, it’s more dangerous and expensive than a lower speed On the highway, if you’re driving 120km/hour instead of 100km

How to Save Over $10 in 10 Min on Gas in The US

As you’ve probably heard, the Canadian Loonie is doing better than ever. The buck has hit a 4-year high and is currently trading at about $1.04-$1.05 $USD. That gives us Canucks some great purchase power. Because of taxes, transportation and pricing, filling up at the pumps is usually quite a bit cheaper south of the border. If you’re close, then this is a great way to save some bucks on a fill-up. I live in Vancouver – so trips down to Washington State are a pretty regular occurrence for me.

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

When to Use Small Loans

As we’ve seen, the Canadian family is up against bigger expenses and debt than ever before [http://bog.mogo.ca/the-average-canadian-family%E2%80%99s-debt-is-100k/]. At times like these, it’s crucially important to remember how much debt we’ve got, the amount we can tolerate, and the amount of cash we need. At Mogo, we offer a great low-cost, low-amount loan of $200 (called Mini Money [http://www.mogomoney.com/]). This is a great loan to take advantage of when you only need a little bit of cash,