The Mogo Blog

Avoid February Funk: Save Now For Fun Later

Well, here we are. The New Year isn’t so new anymore, Valentine’s Day is over, and we’re in the longest stretch of the year without a long weekend. Throw in some Canadian winter weather and… things might just sound a bit too gloomy. But fear not, Mogo-ites! This is a great time of year for a bit of planning. Get the jump on 2011 to make sure it’s the easiest year your finances have ever had! You know that saying, “save it for a rainy day”? Well, in this personal finance post, we’re going to te

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

Save Money On Eating Out – By Going To 2 Restaurants

Double the places you go… to save money? This concept works; trust me. Last weekend my brother-in-law recommended a fantastic restaurant to check out. It was Italian and had great reviews – we had to go. Before I took the Mrs. out, I went online to check out the menu (and pricing). I wanted to see how much to budget for this special meal and get an idea of what was on offer at this highly-hyped place. Looking through the menu, I realized that while the gourmet food was reasonably priced at ab

Cheap and Easy School Savings!

If sending the kids back to school is causing you a ton of stress worrying about all those school expenses, then here are some ideas to help you prepare for the expenses and save yourself some money in the process. 1) The school envelope – Grab an envelope and start stashing money in it. This is your emergency backup for the times that you forget to pack a lunch or withdraw the lunch money. It’s also a life-saver when your child appears the morning of a field trip with a permission slip and a n

Save $5 Per Paycheque and Get Big Rewards!

What would you do if I handed you $130 right now? No conditions, no interest; it’s all yours. Would you pay a bill with it? Go out to dinner and celebrate? Throw it on your bed and roll around in it? What if I told you that if you wanted that $130 dollars you had to save it instead? Arrgh, that’s not nearly as much fun, right? Everyone knows that saving anything is hard. How can you do that when you have bills to pay, groceries to buy, and expenses that pop up out of nowhere? You’d want the mo