by Hui-Chin Chen, CFP® | Published on Mar 23, 2023 | Americans working abroad, Global Living Basics, Globetrotters working in the US, International Transactions, Investing, Risk Management
Many of my clients earn and save in more than one currency. I often get asked the following: Should I keep large deposits in different currencies? When should I exchange one currency to the other? How often should I exchange? Before we answer those questions, it’s...
by Hui-Chin Chen, CFP® | Last updated Oct 6, 2019 | Published on Oct 6, 2019 | Global Living Basics, International Transactions
Budgeting and tracking is not a topic I discuss much on this blog. For one thing, I’m not personally a huge budget tracker. Having done it for six months in our first year of marriage, I decided that there are better uses of my time to improve our financial picture...
by Hui-Chin Chen, CFP® | Last updated Feb 23, 2019 | Published on Feb 23, 2019 | Global Living Basics, International Transactions
You may have read my International Transactions 101 series on this blog. While I detailed how money transfers and exchanges actually happen in the back end of each service, I have not actually tried every single method personally. A while ago I’d had the opportunity...
by Hui-Chin Chen, CFP® | Last updated Feb 23, 2019 | Published on Mar 24, 2017 | Americans working abroad, Global Living Basics, International Transactions
For globetrotters, keeping the cost of foreign transactions low is a must. After all, we don’t always make an income and open a bank account in every country that we go to. Many of you may already know that Schwab Bank offers a checking account that allows you to take...
by Hui-Chin Chen, CFP® | Last updated Feb 23, 2019 | Published on Oct 16, 2014 | Americans working abroad, Global Living Basics, Globetrotters working in the US, International Transactions
TransferWise is yet another purely Internet based international remittance service. Whereas the Silicon Valley based Xoom entered the industry to compete with Western Union at providing money transfer service for immigrants or migrants in the US, the UK based...
by Hui-Chin Chen, CFP® | Last updated Feb 23, 2019 | Published on Oct 8, 2014 | Americans working abroad, Global Living Basics, Globetrotters working in the US, International Transactions
Xoom is one of the first purely Internet based international remitting service companies; and a successful one, demonstrated by its going public in 2013. It essentially offers the same service as described in the Western Union post, but only online, with lower pricing...
I'm Hui-chin Chen, a globetrotter & certified financial planner helping you manage your finances from afar and on the go.