The Mogo Blog

Cooking on a Tight Budget is Easy – Learn from the Best!

When I started to do some research on cash-saving ways to cook I stumbled across an amazing resource that I needed to share with you guys: The 99 Cent Chef [http://the99centchef.blogspot.com/] As his name suggests, every ingredient that goes into his cooking costs less than $1. His blog is loaded with tasty recipes, great cooking tips, and techniques for finding the freshest and best deals around. He lives in LA, but the tips can be taken to any neighbourhood you want. Whether you want to be a

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

Make Your Own Popcorn & Save Big Bucks

You can read a lot of financial advice out there that tells you to cut back and remove unnecessary expenses from your life – but sometimes you just need to treat yourself. A while back, I told you about supplementing your entertainment budget with Netflix [http://bog.mogo.ca/save-on-your-entertainment-budget-with-netflix/] instead of hitting the theatre to see movies with your family… now I’m a big fan of saving cash while sitting on my couch – but I miss one big part of the movie-going exper

4 Crazy Ways to Stop Credit Card Debt Before it Starts

Credit Card Problems? We’ve all been there – trust me. But here are some (possibly insane) ways to stop the pain of credit card over-spending. Credit cards can be easy to get, and that’s part of the problem. Cash (that you don’t actually have) is easy to access and spend, which can cause a mountain of debt to deal with. When this happens, it’s time to sort out your credit card habits. Here are some ways to stop the over-spending pain before it even starts. While all of them might not be for yo

An Easy Way to Track Spending: Use Only 1 Payment Method

We’ve talked about budgeting your cash before, and knowing what you spend money on – but let’s face it, sometimes that is a tall order. With bills, one-off purchases and the options to use cash, debit or credit it’s easy to get to the end of the month and have no clue where all your funds went to – and how are you going to budget properly when that happens? Here’s an idea for getting your spending on the right track: simplify your methods. Rather than use the combo of cash, credit and debit, s