Tag Archives: sending money overseas

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.

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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?