Infographic: How much are hidden exchange rate fees costing youSave on Credit Card Currency Exchange FeesCurrencyFair International Money TransfersGmail announces peer-to-peer money transfer serviceGetting the most out of your money – foreign exchange considerations before moving abroadTransferWise launches U.S. money transfer service, eyes more marketsBitcoin in ChinaAfrica: Orange, Ecobank Launch Money Transfer ServiceWestern Union unveils outbound money transfer service - BusinessTanzania: Tigo inks money transfer service deal with Vodacom – IT News Africa
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Mar

4

2015

Hidden Currency Exchange Fees Exposed

Do you know how much money they’re taking?

When you send money to another country, you’re not always sending as much as you think.

Let me show you some of the different fees that are being taken from you as you send money across the globe using services like PayPal.

The cheapest legitimate transfer method on PayPal is “Mass Pay”. This is an easy way to pay several people at once by uploading a CSV spreadsheet of all the payment amounts. The cost is usually 2% to a maximum of $20 for offshore payments.

There are also global payments that PayPal charges for their currency conversion fee which is actually a hidden fee. We have found that this fee comes out to be about 2.5% of the money sent.

And finally, there may be additional fees that banks are charging your employees to withdraw the money from PayPal and transferring it to their personal bank accounts.

But this infographic isn’t just about PayPal.

Almost all services that you use to transfer money to your employees have hidden fees attached to it. We’ve essentially broken down the infographic into two parts.

In the top half, we’ve created a hypothetical scenario in which you send $5,000 to employees to the Phillipines. We break down how much airports, banks, credit cards, Western Union, PayPal, Moneygram, and Ria Money Transfer extract from you.

In the bottom half, we show you some of the higher exchange fees we’ve seen across multiple countries and payment platforms. (Note: These fees are once again based on transferring $5,000.)

 

Free Bonus!   Download for FREE our guide on which money transfer service to use (that are cheaper than PayPal!) whenever you are sending money abroad. Get it here!

About the Author:

Rob RawsonRob Rawson is a co-founder of Staff.com, a global recruitment platform where you can access very talented staff at affordable rates. They also have a technology called Time Doctor which is software to improve productivity and help keep track and know what your team is working on, even when working from home.Rob resides in Sydney, Australia but can also be found in major cities around the globe, like Paris, Kiev or San Francisco. Find Rob on Google Plus

Feb

25

2015

Some Local Governments Make Collecting Rainwater Illegal

 

Living Off The Grid – Collecting Rainwater Illegal?

Are you looking to save some money by growing your own garden, or harvesting rainwater? If so, the “International Government” may shut you down because they consider you a threat… to yourself of course. And the government wants to protect you from yourself.

Consider the case of Robin Speronis who was booted from her home because she would not hook up to the municipal water supply, or Gary Harrington who was thrown in jail for collecting rainwater. These clips have some very interesting and disturbing info about what is going on in our society today.

 

Feb

2

2015

Being Bamboozled Out of Property Taxes?


 
http://www.freedommentor.com/property… Are you paying too much in property taxes?

If you own a home, or own a property, then you pay property tax. But are you paying too much? There is a good chance that you are. But how do you know?

In this video, Phil Pustejovsky (of freedommentor.com) shows how property taxes are calculated, how local governments work, why you may be paying more property tax than you should and (most importantly) what you can do about it.

Dec

15

2014

30 Ways To Save Gas

Published by in category Saving Money | Leave a Comment

 
 


 
Brought to you by Consumer Reporter, Asa Aarons. This video contains tips on how to save gas money. And while each way may save you a small amount, using all of them can add up to significant savings.

Car maintenance, air filter, do it yourself, check for error / damages, winter summer tires, junk in trunk, fill up when cold, shade, lighter color/colored car, park in shade, tight, recommended gas, air conditioning, better milage, speed limit, wasting, weave, wheels, discount, 3 days before holiday, wait until near empty, member beniefts, credit cards, cash, public transportation

Originally posted 2013-10-26 21:55:12.

Dec

15

2014

Automate Your Personal Finances


 
Personal finance in and of itself is not really a difficult thing to master. But it can be tedious. And unfortunately, most people just don’t want to deal with it (cutting coupons, balancing checkbooks, etc.). But what if you could do all of this on autopilot?

In this short video, Ramit Sethi (author of “I Will Teach You To Be Rich”) discusses how to automate your personal finance accounts in 12 minutes.

For more videos, strategies, and tactics like these, visit http://www.iwillteachyoutoberich.com/

Dec

7

2014

Frugality is Dangerous!

A while back, I wrote an article admonishing those who had the idea that being frugal somehow meant not living life to the fullest and hoarding money.  Today, I would like to talk about the “Other Side” of Frugality.  You see, frugality is a beautiful thing, but it can also be dangerous!

What do I mean by this?  Consider the following.

ENTER HERE

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Originally posted 2010-03-01 05:16:28.

Dec

7

2014

Saving Money For College

Published by in category Kids, Saving Money | Leave a Comment

Personal Finance Blogs - How To Save For College Education

Last month we discussed ways to teach children personal finance.  This month I will take it a step further and talk about some ways that can aid you in paying for your kids college education.

Tuition costs are getting out of control these days.  So if you have or know someone who has kids, then you will want to check this out.

Saving Money For College

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Visit the FYMO Ebook Store and check out a variety of self improvement e-books on a lot of different topics.  And the price is always right!

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If you enjoyed the above article, feel free to promulgate it below.

Originally posted 2012-03-31 19:42:18.

Dec

7

2014

How To Capitalize On An Accident Lawsuit When You Have Little Time And Money

Published by in category Insurance, Saving Money | One Comment

When people say that America has become a litigious society, they say so with good reason. The United States Courts recorded over 350,000 civil lawsuit filings during 2011. Winning a lawsuit, however, is much easier said than done, and nine out of ten lawsuits are settled and never make it to court. Since you may only get a fraction of what you file for, when should you consider settling if you are a single parent or on a limited income?

Consult Aggressively

Anyone who has watched television, picked up a phone book, or sat on a bus bench knows how easy it is to get in touch with an attorney who can help to win a suit or settle a case after a personal injury. Car crashes in the USA result in $100 billion dollars changing hands each year, according to the Center for Disease Control. A lawyer helps you to maximize the money you can get from your claim. Go to as many free consultations as your schedule allows in order to find the most experienced lawyer with the most successful track record of dealing with insurance companies and motor vehicle accidents. Remember that all tort attorneys work on contingency, so you need not put any money into the case. Likewise, remember that nothing is given in the legal world, so steer clear of any lawyer who makes promises like a sack of potatoes.

The Benefits Of Settling

A single parent or a person on a limited income may not think they have the financial resources to contest a settlement and get the money they feel they deserve. This can become even more stressful when there are medical bills but no health insurance on one party or the other, or even worse- no insurance at all. The Insurance Information Institution reports that some 14% of drivers have no insurance whatsoever. Is it worth it to enter into a lawsuit with someone who can’t even afford coverage? The decision to settle or not is never set in stone, but since the vast majority of cases do end up in a settlement (some ninety percent), you should be wary of a lawyer who wants to aggressively pursue a trial option.

Time And Money Management

When you need money now, you either need to settle now or take out a loan in order to pursue a lawsuit. A trial can last several years, with an appeal taking even longer to determine. When you believe you can capitalize upon your case by pursuing a lawsuit, consider taking out a legal loan in order to pay for expenses between now and the date of the findings. You can find loan funding information at AnyLawsuits.com, or other similar resources, in order to determine whether or not the advantage of pursuing a legal decision outweighs the money available immediately from a settlement. Remember that you may need to plan months or even years ahead when you budget out the costs of a civil claim.

Rick Miller
Rick has been restoring old cars since he first learned how to turn a wrench. His pride and joy is a souped up 1966 Ford Mustang.

Originally posted 2013-11-08 20:41:00.

Dec

7

2014

The Life-Changing Class You Never Took


 
When I first started this newsletter, I attempted to help people (especially young individuals) to understand how people end up getting “STUCK” in financial limbo by doing a story called, “The Middle Class Matrix.”

In this short video Alexa Von Tobel (founder and CEO of LearnVest.com) does the same. Very interesting information. In order to get out of a problem, one must understand how they got into it.

Nov

25

2014

How To Lower Your Electric Bill

Published by in category Saving Money | Leave a Comment

The Ultimate Guide On How To Lower Your Electric Bill

Well,

I don’t know about you, but it’s getting chilly around these parts.  So let’s talk a little bit about staying warm and saving money all at the same time.

Learn How To Lower Your Electric Bill

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Learn everything you need to know about producing your own electricity by using wind and solar power. With our complete step-by-step setup fully illustrated manual you will be able to create your renewable energy solutions in your own backyard!

Learn How To Save Electricity

If you enjoyed the above article, feel free to promulgate it below.

Originally posted 2009-11-30 04:21:29.



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Infographic: How much are hidden exchange rate fees costing youSave on Credit Card Currency Exchange FeesCurrencyFair International Money TransfersGmail announces peer-to-peer money transfer serviceGetting the most out of your money – foreign exchange considerations before moving abroadTransferWise launches U.S. money transfer service, eyes more marketsBitcoin in ChinaAfrica: Orange, Ecobank Launch Money Transfer ServiceWestern Union unveils outbound money transfer service - BusinessTanzania: Tigo inks money transfer service deal with Vodacom – IT News Africa

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