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September 15, 2009

Take Advantage of a Seat Sale with Mogo & Save!

Mike is all about making smart financial decisions! He needs to take advantage of a 1/2 price seat sale on West Jet where he can save $500 (compared to the regular fare price and closest competitors flight) but he doesn’t have the full $500 needed to purchase the ticket. He currently only has $200 in cash. He gets $300 in Zip Money and pays for the ticket and saves $500. He can then pay back $100 every 2 weeks until he owes nothing. Assuming he borrows at $10 per $100, he pays a $30 fee in week 2, a $20 fee in week 4 and a $10 fee in week 6. That’s only $60 and therefore has a net savings of $440 plus he gets the ticket he wants when he needs it. Smart move. Remember to follow Mogo on Twitter to find out when the latest seat sales are >> http://twitter.com/mogomoney
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