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

Remittances to Nepal Rebuilding Homes and Hope

Foreign Countries Sending Money to Nepal find New Ways to Target Populations in Need

People who are sending money to Nepal help to rebuild homes and communities. Researchers from the University of Southampton have teamed up with WorldPop project and Flowminder Foundation to monitor the movement of people affected by the 2015 earthquake in Nepal. By studying anonymous mobile phone data, they can effectively track the displacement of populations and send relief in the affected areas. Continue reading Remittances to Nepal Rebuilding Homes and Hope

California Leads Increase in Money Remittance to Mexico

Unemployment Drops, Exchange Rates Improve, and Money Transfer to Mexico Skyrockets!

Increase of money remittance to Mexico is an indication of a recovering economy, financial authorities say. The first quarter saw a staggering $5.6 billion in remittances sent to Mexico from the United States. According to the Bank of Mexico, money transfer to Mexico has increased 5% compared to last year’s remittances of the same period. California is responsible for sending the most remittances to Mexico with, 1.6 billion dollars sent, followed by Texas and Illinois. Continue reading California Leads Increase in Money Remittance to Mexico

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?

How Money Remittance to Nepal Shapes the Country’s Economy

Earthquake Recovery Will Continue to Rely on Money Transfer

When sending money to Nepal, not only are you helping beloved family members and friends, you are playing a vital force in the improvement of the country’s economy. Two key factors that comprise most of Nepal’s economy have historically been generated from tourism, and money remittance.

Continue reading How Money Remittance to Nepal Shapes the Country’s Economy

U.S. Workers Sending Money to India Encourage Foreign Growth

Family Sending Money to India Help to Bolster Indian GDP

As India continues to top the charts for money remittance, their economy is experiencing a healthy recovery. Money transfer to India has been a stabilizing force for their economy in a number of ways. In 2014 alone, $70 million American dollars were sent to India. Not only was this money a welcome contribution to households depending on money sent to them due to lost wages, this cash infusion has positively affected the Indian economy on a macro level.

Continue reading U.S. Workers Sending Money to India Encourage Foreign Growth

Best Options for Sending Money to Vietnam

Online Money Remittance to Vietnam is Safe and Affordable

The amount of people who send money to Asia is increasing. Nearly 6 million U.S. households send money overseas each year, and the price to do so is more affordable as a result. But when it comes time to send money to Vietnam, many questions can arise such as: What is the best and most affordable way to get money to my loved-ones? What money remittance companies I can trust? Which companies have the strongest security measures in place to protect me?

Continue reading Best Options for Sending Money to Vietnam