Managing your finances as a newcomer: Advice from personal finance expert Enoch Omololu

Credit to Author: Canadian Immigrant| Date: Thu, 17 Nov 2022 17:21:53 +0000

The financial system in Canada is obviously very different from your home countries. What are concrete steps you can take to understand this new financial landscape?

Where do you set up your first bank account? Is it easy to get your first credit card? Where do you start building your credit history and how do keep track of your credit score? That seems crucial, right? How can you make the money you bring with you last? Or wait: Should you invest in property at this time or is renting a better option? Or, perhaps, if you’re just heading here, how can you prepare yourself financially for this transition?

In this conversation with Canadian Immigrant editor Ramya Ramanathan, personal finance expert and founder of Savvy New Canadians (savvynewcanadians.com) Enoch Omololu shares his personal experiences as an immigrant and offers valuable advice and tips to newcomers.

Information, resources and inspiration you can use!

Below are links to relevant information available on the subject. You can also visit the Money & Business section on our website.

Four easy ways to improve your financial literacy. Read more.

Things to keep in mind to manage your finances. Read more.

Financial decision-making during uncertain times: Tips to keep in mind while making money decisions. Read more.

Budget your money for success. Read more.

Reaching your financial goals through digital tools and advice. Read more.

Tips to protect yourself from financial fraud. Read more.

Banking 101 in Canada: How to get through the school year as an international student. Read more.

What does housing cost in different Canadian cities? Read more.

Living with housemates: Can you make shared housing work? Read more.

Small-town Canada: Living in the outlying areas. Read more.

Ready for a new life in Canada? What you need to know as you begin your journey Read more.

Prepare for your move to Canada: Get help with pre-arrival services Read more.

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