Category Archives: Personal Finance

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

Tips for Saving More of Your Money

Saving Money Lets you Send Money Remittance to Family in Need

The advantages of saving money are manifold. Whether it’s being prepared for an unexpected emergency, having the funds to repair a car, enjoying the freedom to go on a vacation, or sending money online to loved ones more frequently, everyone can benefit from the security of a financial emergency fund or “nest egg.” So how do we get into the habit of saving, especially when we feel like it’s nearly impossible to do? Continue reading Tips for Saving More of Your Money

What’s the Best Way to Send Money Overseas? Cost and Convenience Comparison.

Sending Money Abroad Through Your Bank vs. Money Remittance Service Provider

With today’s technological advancements and capabilities, sending money abroad is easier than ever. Individuals who send money abroad to family or friends are often faced with many decisions before remittance can take place, and this may cause confusion. Different factors like transfer fees, reliability, transfer time and cost are important elements to consider if you want a loved one to safely and expeditiously receive money. The question often arises of whether or not it’s safer to use a bank or money remittance center to send money abroad. While the final answer does depend on the individual case, consider the following problems with banks the next time you are involved in money remittance. Continue reading What’s the Best Way to Send Money Overseas? Cost and Convenience Comparison.

Why It’s Important for the U.S. Dollar to Remain Top Reserve Currency

Dollar, Yuan, Yen, and Euro Make it Easy to Send Money Online to Other Countries

Sending money online to other countries continues to be a normal practice for immigrants and other foreigners working in the United States. As long as the dollar continues to be the worlds leading reserve currency, the exchange rate between the U.S. dollar and other forms of money will be to our advantage. Continue reading Why It’s Important for the U.S. Dollar to Remain Top Reserve Currency

3 Ways to Help Family and Friends with Financial Aid

Financial Aid Helps Pay for College, Money Remittance Makes Up the Difference

For many it’s the American Dream: beautiful home, white picket fence, well-behaved children, beautiful and caring spouse, safe community, an outstanding education and the ideal job. This picture of perfection is the vision for some hardworking Americans, but there remains a sobering reality that can’t be ignored. Making enough money to purchase a home, a vehicle, and eventually to retire often requires job seekers to possess a college degree.  Continue reading 3 Ways to Help Family and Friends with Financial Aid

Sending Money Home – How does Remittance Work?

Lucky Money Discusses Money Remittance to India, Mexico, Vietnam and Others

Remittance, the process of sending money to someone in a distant country, is most common between an immigrant and their relatives or friends in their home country. According to the International Monetary Fund, money remittance can be segregated into two categories:

1) Workers who have lived abroad for over a year
2) Workers who have lived abroad for less than one year

Continue reading Sending Money Home – How does Remittance Work?

Why the Middle Class is the Best at Saving Money

Remittance and the Middle Class

You want to make secure financial decisions regarding money remittance, savings, and investments, whether you’re just starting a family or you’re supporting loved ones overseas. Today’s American middle class, as a whole, is doing a surprisingly good job of preparing for the future financially, according to several new surveys. Continue reading Why the Middle Class is the Best at Saving Money

Why Young Americans Are Behind on Personal Finance Skills

Money Transfers and Financial Responsibility

The United States may have a reputation of being the “richest country in the world,” but that doesn’t mean its citizens know everything about personal finance. Does your child understand the basics of banking, saving money, or transferring money? The reality is, probably not. A recent survey administered by the Programme for International Student Assessment showed 15-year-old American students received only average marks on questions about financial topics, compared to their counterparts in other countries.

But why are young Americans lagging in personal finance skills? As leaders in the global money transfer market, we believe possible reasons include: Continue reading Why Young Americans Are Behind on Personal Finance Skills