Door to Door Remittances: Lifelines for Millions
It has recently emerged that remittances form the bulk of some developing countries’ GDP and change the lives of hundreds of millions of people. Remittances present a lifeline to many households and change the fortunes of citizens who have no other option besides the generosity and magnanimity of their families and relatives working abroad for a handy amount to remit home. Continue reading Money Remittance: A Lifeline for 10% of the World’s Population
5 Tips for Saving Money and Making Your Money Last Longer
If you happen to be living abroad, it is likely that you are receiving remittance money every now and then. This is usually a good thing, but the trouble comes in when you start spending it all due to fact you don’t have to place it in the bank. This means that your loved one’s money could simply go to waste if you are not careful. Continue reading Stretch Your Remittance Money with These 5 Tips
Popular Back-to-School Scams and How to Avoid Them
Most college students know that the expenses incurred when returning to school will entail more than just the tuition fee. As a parent or caregiver who supports your child in their academic studies, you will always be on the lookout for the best possible deals that you’re able to find. Because of this understanding, there are scammers who are not only looking for ways to obtain your information but also ways to steal your hard-earned money. For any parent or student, losing money to online scammers can be exceedingly devastating. Being armed with all the necessary information will prevent both the student and the parent from being scammed. With that being said, here is the breakdown of the most popular back to school scams you should be aware of. Continue reading Back-to-School Scams College Students Should Be Weary Of
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
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?
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
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?
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
Possible Reasons for Rise in Money Remittance to Mexico
Remittances sent to Mexico have been rising steadily over the past few years, according to some encouraging new studies. This past quarter in the first part of 2015 saw roughly $5.7 billion in money remittance to Mexico, which is a 4.9% increase from the same fiscal period last year. The rise in remittance, some experts say, indicates good things about the quality of life in Mexico in 2015. That said, although the Inter-American Development Bank argues that these findings suggest that Mexico’s economy is improving, other facts point to an opposite narrative. Continue reading Remittances to Mexico Rise 4.9% in Q1
Money Remittance Safety Tips
To prevent fraud when sending money, you need to be diligent and use secure networks. Online money transfers are generally affordable and fast, but they’re not always secure. In fact, the explosion of the remittance industry has been something of a double-edged sword for customers. On one hand, the proliferation of new technologies and remittance support services are making it easier for people to support friends and family back home. On the other hand, the success of the industry has attracted some less than ethical companies. Continue reading How to Transfer Money Securely