Blogger Profile

Enoch Omololu

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Savvy New Canadians
General Finance
Personal Finance, Investing, Real Estate, Book Reviews, Budgeting, DIY
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Blogger Bio

Winnipeg, Manitoba, Canada
Life stage:
DIK (Dual Income, Kids)
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Latest Blog Posts

Want to lower your gas usage and save some money? Here are 12 ways that will get you there! Also Read: Closing Costs When Buying a Home: Infographic 5 Ways to Save Up For Your Down Payment The post 12 Strategies To Save Money On Gas: Infographic appeared first on Savvy New Canadians - Personal Finance for Canadians. ...
Posted: Oct 19 2017 @ 7:35 AM
There are many reasons why you may want to transfer your registered investment accounts from one financial institution to another. Some of these include: To consolidate all your accounts in one bank or financial institution for ease of access and management. When looking for cheaper investing options such as lower MERs. Interest in proprietary investment […] The post Transferring Your RRSP, TFSA, RESP, and RRIF between Financial Institutions appeared first on ...
Posted: Oct 17 2017 @ 8:12 AM
With increasing interest in DIY Investing in Canada and the maximization of investment returns by lowering fees, the term “index investing” has greatly grown in popularity. Before digging deeper into index investing, let’s first clarify what it means and how the terminology came about. A stock index refers to a specific portion of the broader […] The post An Introduction to Index Investing for the DIY Investor appeared first on Savvy ...
Posted: Oct 11 2017 @ 7:20 AM
If you are appalled at the exorbitant cost of investment fees in Canada and the toll it takes on returns, you’re not alone. A Morningstar report showed that Canada had a D- score when it comes to fees and expenses, bottoming out in a comparison among 25 different countries. Essentially, what this means is that […] The post The Many Faces of Investment Fees in Canada appeared first on Savvy New ...
Posted: Oct 09 2017 @ 8:31 AM
When buying a home as a first-time home buyer, the mortgage down payment is usually at the forefront of your planning. However, closing costs can just be as significant – anywhere from 1.5% to 4% of the selling price of the house. Some of the closing costs you should prepare for include: Also Read: 10 […] The post Closing Costs When Buying A Home: Infographic appeared first on Savvy New Canadians ...
Posted: Oct 05 2017 @ 7:08 AM
The Registered Disability Savings Plan (RDSP) is a savings program designed by the Canadian government to assist people with disabilities. The RDSP was implemented in 2008 and was the first program of its kind worldwide. It has been hailed as a great milestone in the effort to provide people with disabilities with financial security. Eligibility […] The post Understanding the Registered Disability Savings Plan (RDSP) appeared first on Savvy New Canadians ...
Posted: Oct 04 2017 @ 7:47 AM
Have you recently purchased a new sofa to furnish your new house? Are you in the market to buy new big-ticket items? Electronics? Appliances? Car? Computer? Smartphone? When you buy a new item these days, you’re inundated with requests by the salesperson to buy an extended warranty. In-store sales staff frequently paint a picture of […] The post Are Extended Warranties Worth It? appeared first on Savvy New Canadians - Personal ...
Posted: Sep 26 2017 @ 8:36 AM
On September 7, 2017, Equifax (U.S.) reported that they had been breached and as many as 143 million Americans may have had their personal information stolen. Sensitive information leaked included social security numbers, birth dates, drivers license numbers, and maybe over 200,000 credit card numbers! More than a week after the U.S. breach was announced, […] The post Equifax Hack and How to Prevent Credit and Identity Fraud appeared first on ...
Posted: Sep 20 2017 @ 7:29 AM
A Registered Retirement Income Fund (RRIF) is an extension of the RRSP. On December 31st of the year you reach age 71, you’re required to do one (or all) of three things with the funds in your RRSP: Withdraw all funds in your RRSP as cash. With this option, the entire amount withdrawn is immediately […] The post Understanding RRIFs – Registered Retirement Income Funds appeared first on Savvy New Canadians ...
Posted: Sep 18 2017 @ 7:07 AM
Planning to buy a home in Canada? Plan to start saving early! The average price of a home in Canada climbed to $504,458 in June 2017, a 0.4% increase over the previous year. While average prices vary across provinces, the general trend for prices has been up. New home buyers will require a fairly hefty […] The post 5 Ways To Save Up For Your Down Payment appeared first on Savvy ...
Posted: Sep 12 2017 @ 5:00 AM


"This is one of the best, most informative personal finance web sites I've ever seen"

-- Daffy Duck, DaffyIsSoTaffy.com

"This guy clearly knows his shit; with every post, I feel like he's got my back as one of those "savers", and his web site is pretty damn cool, too"

-- Scuba Steve, MyScubaGearIsSoWet.com

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