The Cheapest Way for Missionaries to Transfer Funds Overseas

Last week, an MH4C reader and close friend was asking about how to cut costs when it comes to overseas transfers.  They are missionaries in Australia and have realized that transferring money overseas can get expensive.  I've also had several similar emails over the last year.  If you're not a missionary, you might want to forward this article to a missionary friend because it could literally save … [Read more...]

Personal Capital Review | Track Your Finances Online for Free

Several months ago, I signed up for a Personal Capital account so that I could try it out and let you know what I think. In my best personal finances software post, I explain that your needs are the biggest factor in determining the best tool for you.  Personally, I like to track my finances, but I do think there is such a thing as spending too much time and energy tracking your … [Read more...]

5 Profitable Low Risk Options for Investing a Lump Sum of Cash

After months of attempting to transfer funds from the sale of our house from PNG to the USA, we finally were able to get the first batch of funds transferred into our US bank account.  Since we're currently very content renters, we've decided to delay buying a house.  We may wait four months, or we may wait four years.  We have no idea, and we love the flexibility renting offers. However, now … [Read more...]

Please Don’t Let Your Bank Make Your Financial Decisions

Did you know that the bank controls more of our decisions than we’d ever care to admit? The typical procedure in buying a home: “Hey, honey, you wanna buy a new house?”  “Sure, baby.” I hope there is a little more discussion than this, but eventually husband and wife decide to buy a home. Now it’s time to decide how much house can we afford. “Hey, honey, you wanna go to the bank and … [Read more...]

DIY Rewards Cards: Pay Yourself Back Without Going Into Debt | Guest Post

Today I’m publishing a guest post by Jason Jacobs. Jason Jacobs is a missionary in a web programmer's body. In addition to working on financial fitness, he also spends a lot of time writing about his journey towards physical fitness. You can follow his progress at Finding My Fitness. Many of us are probably trying to get out of credit card debt quickly. We’ve also seen the ads telling us the … [Read more...]

Cash Back Debit Card | How to Get More Cash Back with PerkStreet Financial (Limited Time Offer)

Editor's Note: This post was updated Oct5th, 2010 at 7:00 p.m. EST to clarify some details I misunderstood about the PerkStreet Financial holiday promotion. For the last several months I’ve been hearing about PerkStreet Financial and their cash back debit card. My first reaction – what?! A bank that encourages you to spend, not save! Then I realized that we spend money all the time, and so … [Read more...]

How To Pay Off A Mortgage Early

Once you’ve asked if you should pay off your mortgage early, it is time to ask, how can I pay off the mortgage early? This is the fun part. Let me start off by saying that you shouldn’t need to pay someone or buy a product to help you pay off the house early. Instead, simply send the bank extra payments to add to your principal whenever you have money to pay towards the debt. [pullquote]Make … [Read more...]

Avoid Bank Fees: Money Saving Monday

Being in PNG has given me some wonderful exposure to ‘creative bank fees’. Last week Friday, I had a Term Deposit (TD) that matured (a TD is just like a CD).  The TD was actually matured 6 months ago, but against my written instructions it was reinvested for another six months.  I did my best to fix the problem, but let’s just say things work differently here in the South Pacific.  I … [Read more...]