All posts by LuckyMoney Staff

Should You Increase Savings First or Pay Down Debt?

Save Cash or Pay Down Debt, It All Depends on Your Goals

There is a ‘chicken and the egg’ feel to the question of whether you should increase savings first or pay down debt. The two are linked in ways that may not be obvious, and the answer to this personal finance question will depend on your situation. Continue reading Should You Increase Savings First or Pay Down Debt?

Personal Finance Tips: Become a Millionaire by Retirement!

Personal Finance and Retirement Will Be Different for Millennials

Who wants to be a millionaire? This wasn’t just a game show, this a valid question that everyone should ask him or herself at one point. Personal finance isn’t just about working hard week after week, just so you can earn enough money to get by. Personal finance is about making wise financial decisions that will benefit you and your family in the long run. Planning for your future and retirement is one of the best ways to prepare yourself for financial prosperity. Continue reading Personal Finance Tips: Become a Millionaire by Retirement!

Harriet Tubman Isn’t the Only New Woman to Grace U.S. Currency

Money Transferring Will  Welcome New Faces to the U.S. Dollar

When you’re money transferring, the most important question on your mind is “how can I send money?” You’ll look at the dollar amount you’re sending, but rarely take a second glance at the picture on the currency. This could be because you’re not familiar with the people featured on U.S. dollars, that you’ve seen the pictures too many times for it to impress you, or simply because you never cared to look. Whatever the reasoning, now is a good time to start paying more attention to your money. Continue reading Harriet Tubman Isn’t the Only New Woman to Grace U.S. Currency

Money, Money, Money… The Highest Paying Jobs in America

American Dreams Coming True Enables Immigrants to Send Money Home

Money, money, money — it’s sketched into the American dream. The perfect family, the perfect house, the perfect job and the perfect life — that’s why migrating to America is still appealing to foreigners. Not only is the promise of the “American dream” desirable, the reality of great job opportunities and a higher quality of life continues to be a motivating force. For immigrants who send money remittance, getting a high paying job is one of the best ways to show love to families abroad. If you’re lucky enough to come to America and land a good job, you’ll improve the situation of both you and your family. Here is a list of some of the most high paying jobs in America. Continue reading Money, Money, Money… The Highest Paying Jobs in America

Money Remittance Increases With California Minimum Wage Boost To $15

Minimum Wage Increase Means You Can Send Money to Mexico More Often

Some Mexicans have migrated to California in order to find better job opportunities. They often send money to Mexico to assist friends and family members back home. Unfortunately, along with better job opportunities comes a higher cost of living. Immigrants can be shocked to see how expensive California living is. If you’re working a minimum wage job, the pain of high living expense is even more burdensome. Now, there is good news! Recently, a law was tentatively passed that will increase the minimum wage to $15 by the year 2022. Currently at $10, the minimum wage could go up in increments, giving small businesses a chance to adjust. Continue reading Money Remittance Increases With California Minimum Wage Boost To $15

Successful Personal Finance Habits We Can Learn from Immigrants

Personal Finance Lessons to Improve Financial Planning Outcomes

Most American’s don’t save for the future. In fact, our consumer-based society is more prone to spend than to plan ahead. Often times immigrants come to the U.S. for better job opportunities, but they also bring along smart and productive money habits that some US born citizens could learn from. Personal finance is something no one can afford to overlook, whether you’re an immigrant or a natural born citizen. If you are looking for ways to improve your financial profile, take a lesson from immigrants and consider adopting some of their best known financing habits. Continue reading Successful Personal Finance Habits We Can Learn from Immigrants

How to Make Extra Wages and Send Money to Family Overseas

Cost of Living Makes Money Remittance Difficult With Just One Job

Many people who relocate to the United States for job opportunities are motivated to send money to family members in their home country. However, immigrants are often shocked to find that better job opportunities equates to higher costs of living. Take for example the average cost of rent in San Francisco, one of the most highly desirable cities in the Bay Area. According to rentjungle.com, the average rent within 10 miles of San Francisco is a whopping $3770 dollars a month. This is a hard pill to swallow, since many of the job opportunities are located in or near the city. The Silicon Valley, another hub for job growth and financial opportunities, also has a high rental market. The price for a one bedroom can range from $2,257 – $2,575 a month or more.

Continue reading How to Make Extra Wages and Send Money to Family Overseas

Should I Pay My Taxes With A Credit Card?

Saving Money as You Pay Large, Unexpected Tax Bills

What do taxes and money remittance have in common? Nothing exactly, but if you receive a hefty tax return, you’ll likely be able to help your family and friends overseas. As noble as that may seem, unfortunately, taxes are unavoidable and have a way of snagging more money than bargained for, and often without notice. Those of us who have had the wind knocked out of our sails after an appointment with the accountant, know how menacing a huge debt to the government can be. Continue reading Should I Pay My Taxes With A Credit Card?

What Are the Top Countries Receiving Remittances?

Growing Demand for Sending Money Overseas from the US

Sending money overseas to developing nations has become more common in recent years. As the world becomes globalized, people are able to communicate with others in distant countries within the matter of seconds. This has made international exchange more common that ever, and immigrants from developing nations have flown to the US where the job market is stronger and rate of pay higher. Continue reading What Are the Top Countries Receiving Remittances?

Basic Tips To Make Your Retirement Years More Enjoyable

With Careful Planning You Can Afford Sending Money Remittances to Loved Ones AND Retirement

If your “golden years” are fast approaching, you’re probably excited about the prospect of living out your greatest dreams. Maybe it’s time to purchase the beachside vacation home with 20-foot ceilings, or splurge on the sports car you’ve always fantasized over. Maybe you want to spend time traveling the nations, or simply want to learn how to garden. No matter what your dream is, finances have and always will play a role in your ability to fulfill it. For those fast approaching retirees who have loved ones overseas, the habit of sending money abroad to family might stifle the plans they have for a luxurious retirement. Continue reading Basic Tips To Make Your Retirement Years More Enjoyable