The Mogo Blog

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

5 Ways to Avoid Banking Fees

When you’re getting close to pay day [http://www.mogomoney.com/], we all know things can get a little bit tight. That’s when you need to be on the look out for the damaging fees that can occur from bouncing a check or over-drafting your account. Here are five quick tips to make sure you are financially sound at the end of your pay period – act now, and avoid paying when you don’t have to! 1. Monitor Your Money Great things happen to those of us who actually keep tabs on our spending and bala

The Average Canadian Family’s Debt is $100K

As reported by the Globe and Mail [http://www.theglobeandmail.com/], the debt load of the average Canadian family has hit $100,000. This is a crazy statistic – as rising housing, debt and mortgage costs are pricing Canadians out of the market, and stacking debt up against them. The Vanier Institute of the Family report also reports the debt-to-income ratio in Canadian home is currently sitting at a record high: 150%. That debt-to-income ratio number means for every $100 earned (after tax), fami