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

If you have not had time all year to tune up your furnace, then fall is a good time to do so before the final arrival of winter. Proper and regular maintenance of your furnace will ensure you have heat when you need it, reduce your heating and repair bills, and prolong the life of […] The post Furnace Maintenance Tips to Keep You Warm and Save Money This Winter appeared ...
Posted: Dec 12 2017 @ 8:40 AM
The New Year (2018) will bring with it another opportunity to utilize your Tax-Free Savings Account (TFSA) and protect your investment income from taxation. If you’re 18 years old and a resident of Canada, you are eligible to start accumulating TFSA contribution room. You can choose to save or invest funds tax-free up to the […] The post TFSA Annual Limit, Contribution Room, and Penalties for 2018 appeared first on Savvy ...
Posted: Dec 06 2017 @ 10:59 PM
It’s not surprising to meet aspiring first-time homebuyer’s who cannot tell the difference between mortgage life insurance and mortgage default insurance. In fact, I was one of these ‘newbies’ myself until recently. Although the terms sound very much alike, they are very different. While both refer to some type of insurance relating to a home, […] The post Mortgage Life Insurance vs. Mortgage Default Insurance appeared first on Savvy New Canadians ...
Posted: Dec 04 2017 @ 7:41 AM
Nasim Nicholas Taleb is a well-known voice in the subject areas of risk, randomness, and uncertainty. A former options trader, risk analyst, and hedge fund manager, Taleb is currently regarded as a scholar, essayist, and serves as Distinguished Professor of Risk Engineering at the New York University Tandon School of Engineering. I have previously reviewed […] The post The Black Swan: The Impact of the Highly Improbable by Nassim Taleb appeared ...
Posted: Nov 29 2017 @ 7:49 AM
“Winter is coming.” – Ned Stark (Game of Thrones) One of the things I may never really get used to in Canada is the harsh winters we experience in places like Winnipeg – where I live. Harsh winters are a part and parcel of living in Canada especially if you reside in the provinces of […] The post 10 Ways To Get Your Car Ready For Winter appeared first on Savvy ...
Posted: Nov 22 2017 @ 1:03 AM
A Registered Educational Savings Plan (RESP) is a government program that enables parents to save for their child’s post-secondary education. You can make 3 types of withdrawals from an RESP: Educational Assistance Payments (EAP) Refund of Contributions (ROC) Accumulated Income Payments (AIP) RESP’s are a great saving tool to lower the burden of ever-increasing post-secondary […] The post RESP: What Are Educational Assistance Payments (EAPs)' appeared first on Savvy New Canadians ...
Posted: Nov 15 2017 @ 8:45 AM
Ever wondered how to avoid paying those annoying bank chequing fees' There’s hope! Although there are no ways to avoid all bank fees, here are some relatively easy strategies to avoid paying some of the ridiculous chequing fees charged by Canadian banks: Also Read: 10 Ways To Save on Home Insurance: Infographic 10 Strategies To […] The post 5 Ways To Avoid Bank Fees In Canada – Infographic appeared first on ...
Posted: Nov 13 2017 @ 6:44 AM
Annuities are one of many options available to individuals in their retirement planning. As previously discussed, some of the better known retirement planning tools include the Registered Retirement Savings Plan (RRSP), Registered Retirement Income Funds (RRIF), Employment Pension Plans and other non-registered investment plans. Other sources of income to seniors in retirement include the Canada […] The post Understanding Annuities and Retirement Planning appeared first on Savvy New Canadians - Personal ...
Posted: Nov 06 2017 @ 8:39 AM
Follow my blog with Bloglovin A mortgage can easily become a “lifelong” burden when you consider that traditional mortgages are structured anywhere from 25 to 30 years! Want to pay off your mortgage faster? Consider these four savvy strategies: Also Read: 20 Questions To Ask Before Buying A Home 10 Strategies To Raise Your Credit […] The post 4 Ways To Pay Off Your Mortgage Faster: Infographic appeared first on Savvy ...
Posted: Nov 01 2017 @ 9:45 PM
In the retirement series, I wrote about the Canada Pension Plan, RRSPs, Old Age Security, and other employment pension plans. Taking it a step further, I want to address a question I’ve often asked myself (and have been asked by others): How much money do I need to have saved up before I retire? This […] The post How Much Money Will You Need In Retirement? appeared first on Savvy New ...
Posted: Nov 01 2017 @ 6:38 AM


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