The Mogo Blog

It’s That Time of Year…to Start Your Christmas Savings

I guess we probably should have told you about this earlier, but the December holiday season is right around the corner. If you haven’t started saving for it, now is definitely the time. Any savings you can make ahead of time can really help out with your holiday budgeting. For me, it always seems like the cost of presents, holiday parties, flights and even wrapping paper come out of the blue. We’ve said it before (and I’m sure we’ll say it again) more planning with your money will make things

How Spending $17.95 Can Save You Over $300,000

I’ve got an upcoming trip down to the US next week and I will definitely be spending a little now to save on a potential mountain of debt later. I’m talking about travel insurance. If you don’t get it, you’re begging for trouble. It’s the kind of expense that you hope is wasted – ie: never even used or remembered on the trip. Think of it like buying an umbrella – and it’ll keep your savings and future dry. The difference between health care in Canada and the States is massive – and I’m sure y

Winter Car Care Savings Tips

As we wrote yesterday, winter is coming [http://bog.mogo.ca/?p=1357] and it might be even fiercer than we’re used to. Canadian winters are notoriously tough on cars, so go the extra mile to make sure you can drive the extra miles. If you’re a smart spender, your car is an investment and an important part of how you live your life, get to work and have fun. Work on making small expenses a regular part of car-maintenance rather than being stuck with car-emergencies when winter hits. These follow

Spend a Little, Save a Lot: Parking

If you own a car, you can set aside $5 to save $50. Even $1… that’s only ten dimes. That’s it. I didn’t do this, and now I’m kicking myself. It can happen to all of us. I live in Vancouver, and had to drive down town last week. I had to run around to knock a few errands off my list. I (perfectly!) parallel parked my car and went to run into the coffee shop where I was meeting a friend. It was relatively quiet street, and I didn’t have any change in my pocket (only a $5 bill), so I opted to ‘s

Spenders and Savers: When Money Opposites Attract

You’ve heard it before in love, but it’s true in money as well: opposites attract. In a recent study done by Capital One Canada and Credit Canada 86% of couples disagree about money and almost 50% say they have extremely different financial philosophies! While it’s not surprising to hear that money issues produce fights, it is interesting that nearly half of partnerships think so differently about money. In the examples given by the study, it seemed that ‘savers’ often pair up with ‘spenders’.