The Mogo Blog

What is Good to Buy in Bulk?

As a smart spender and saver, you know all about making smart purchases when you head to the grocery store or warehouse chain. In theory, it’s a great idea. Spend a little to get a lot. What could go wrong with that? Well, if you don’t exercise some control you could spend a lot and not come home with much. Know What you Need When you’re about to shop in bulk, you’ve gotta know what you’re getting into. This isn’t a quick trip to the corner store, this is a potential mass purchase. Make a list

So You’re Out of Debt, Now What?

First off, congratulations. Many of us spend a long time working on getting out of debt, and when that day finally comes, are not sure what to do with ourselves and our cash! Sure, it’s a good problem to have, but it’s still worth planning for and thinking about ahead of time. As a debt-survivor, you’re going to look at your bills, accounts and notice a lot of $0 balances. It’s time to celebrate this, but beware of getting back into debt. Don’t celebrate with purchases you can’t afford! Just be

Save $100 in 10 Minutes: Go on a Savings Bender

When’s the last time you read a personal finance blog that told you to go nuts with your money? Buckle up, because I’m just about to… but not in the way that you’re hoping for. This concept was introduced to me by a friend of mine that likes to live it up on weekends. He takes trips, eats out constantly and generally appears to be loose with his cash. I asked him about it, and he told me that his finances go in two different extremes: He’s either very loose or very tight, and plans them both ac

Save $10 in 10 Minutes: Examine Your Grocery Bill

We all spend money on groceries, and eating at home (instead of dining out) is a great way to save cash each month. But can we optimize our grocery experience to save that extra bit of cash now, for more fun later? Let’s check it out. Being financially savvy isn’t rocket science. Sometimes all it takes is a little bit of research, planning and you’ll be saving cash in no time. Taking a 5-10 minute look at your grocery bill will save you at least $10, if not more. The Check Out Shop as you nor

Save $100 in 10 Minutes: Set Up Your 1st Automatic Savings Account

Want to save yourself $100 in 10 minutes? Sounds great, right? With this technique, literally 10 minutes of effort could save you $1200 over the year. With online banking, automating your cash is easy and effective. Almost every major online banking site in Canada offers you automatic cash transfers that you can set and forget. You can also check out ING Direct [http://www.ingdirect.ca/en/]! How to Do it • Decide how much you want to save per month (let’s say $100). • Identify when you get pa