Category: Tips

There are many ways to manage household budgets, but the 70/20/10 rule is a popular option that covers everything from spending, to saving, and investing.  What is the 70/20/10 rule? Well, the short version is that 70% of your income goes towards general expenses, 20% is meant for savings, and 10% is left for investments.… Continue reading What Is The 70/20/10 Rule For Money?

Whether you’re looking to tour Europe during a gap year, or you’d like to escape the rat race and visit Bali, smooth globe-trotting requires flawless financial planning. One way to stretch your traveling bankroll is to avoid any and all unnecessary extra fees when you make payments.  Pretty much every store or hotel in America… Continue reading How to Exchange Currency Before Travel

If you only conduct business with US-based companies, then the idea of exchange rates may not be familiar to you. For many Americans, however, the internet has made it easier to work for and sell products to clients who are based in other countries. Since you may have to manage transactions in other currencies, it’s… Continue reading How To Find The Real Exchange Rate

As many people are well aware, opening a new bank account can be a minefield of bureaucracy. And unfortunately, most mainstream banks cannot open a bank account with only a passport — they’ll also need your Social Security card or proof of your taxpayer number, proof of address, and sometimes further documentation. In this article,… Continue reading Can I Open a Bank Account with Just a Passport?

Most people have at least two bank accounts — one for checking and one for savings. However, experts recommend having up to four accounts, with the third to save on ATM withdrawal fees and the fourth for foreign transactions. In this article, we’ll explore the pros and cons of having multiple bank accounts as well… Continue reading How Many Bank Accounts Should I Have?

For many American college students, studying abroad is an exciting and worthwhile opportunity to travel to new places and explore new cultures. Doing so, however, can add up and become quite expensive. Once you cover tuition fees, you’ll still have to factor in a wide range of other expenses. Depending on where you plan to… Continue reading How to Manage Money While Studying Abroad

When traveling abroad, many people prefer to use their credit or debit cards to pay for things and services. Unfortunately, not all countries are universally accepting of credit or debit cards. So, you can only imagine the nightmare it can be if you want to get from the airport to your hotel and the taxi… Continue reading What’s The Cheapest Way to Exchange Currency While Traveling?

When traveling abroad, the common dilemma is which method is best for exchanging currency. Is it better to exchange currency before leaving or when you reach your destination? Should you withdraw from an ATM abroad or exchange money for local currency? Or is there a better way? Deciding where to exchange currency depends on whether… Continue reading Is it Best to Exchange Money at Home or Abroad?

The process of exchanging currency is relatively simple. Of the many ways to exchange foreign currency, it appears that banks, credit unions, online currency converter providers, credit cards, and the forex market are some of the most beneficial ones. If you wish to save money, it’s advised to track exchange rates, plan ahead, and shop… Continue reading How Can I Exchange Foreign Currency To Get The Most Out Of My Money?