Felix Komuo

Felix Komuo is the founder and editor of MoneyTrut, a personal finance and money publication focused on making financial topics easier to understand and apply in everyday life. With a professional background in engineering and a practical, analytical approach to problem-solving, Felix focuses on breaking down complex financial topics into clear, useful information. At MoneyTrut, he covers personal finance, saving, investing, banking, business and financial consumer issues, with particular attention to practical examples, numbers and real-world situations. MoneyTrut provides general educational information and is not a substitute for personalized financial, investment, tax or legal advice.

Investing

What Should You Invest in First? A Beginner's Guide

Felix Komuo Aug 31, 2026, 8:14 PM Aug 31, 2026, 8:28 PM

Choosing your first investment isn't simply about finding the highest return. This guide explains how beginners can evaluate investments based on goals, time horizon, risk, emergency savings, debt, diversification and fees.

Banking

How to Avoid Unnecessary Bank Charges in Nigeria

Felix Komuo Aug 31, 2026, 7:51 AM Aug 31, 2026, 8:00 AM

Bank charges can quietly reduce your money over time. Learn how to identify unnecessary fees, reduce avoidable costs, check current...

Banking

Savings Account vs Fixed Deposit: Which Is Better?

Felix Komuo Aug 31, 2026, 7:29 AM Aug 31, 2026, 7:41 AM

A savings account and fixed deposit serve different purposes. This guide explains accessibility, interest, emergency savings, early withdrawal, NDIC deposit...

Investing

How to Start Investing With Little Money

Felix Komuo Aug 30, 2026, 12:51 PM Aug 30, 2026, 1:39 PM

You don't need a large amount of money to begin investing. Learn how to start small, prepare your finances, understand...

Personal Finance

How to Pay Off Debt and Still Save Money

Felix Komuo Aug 30, 2026, 12:14 PM Aug 30, 2026, 12:39 PM

You don't necessarily have to choose between paying debt and saving money. Learn how to build a financial cushion, prioritise...

Banking

How Much Money Should You Keep in Your Savings Account?

Felix Komuo Aug 30, 2026, 11:56 AM Aug 30, 2026, 12:01 PM

There's no single savings balance that works for everyone. Learn how to decide how much cash to keep for everyday expenses, emergencies, short-term goals and long-term investing.

Investing

How to Build Wealth From a Small Income

Felix Komuo Aug 30, 2026, 12:27 AM Aug 30, 2026, 12:38 AM

You don't need a huge salary to start building wealth. Learn how to create a surplus, build emergency savings, reduce...

Make Money

How to Make Extra Money Without Quitting Your Job

Felix Komuo Aug 29, 2026, 11:32 PM Aug 29, 2026, 11:48 PM

You don't have to quit your job to increase your income. Learn practical ways to build a side income using...

Personal Finance

How to Create a Family Budget When Money Is Tight

Felix Komuo Aug 29, 2026, 10:53 PM Aug 29, 2026, 11:03 PM

Learn how to build a realistic family budget based on your actual income and expenses. Includes examples for households earning...

Personal Finance

How to Save Money When You’re Living on a Tight Budget

Felix Komuo Aug 29, 2026, 10:10 PM Aug 29, 2026, 10:45 PM

Saving money can be difficult when most of your income already goes toward essential expenses. Learn practical ways to reduce...