3 Ways to Deal With a Declining US Dollar

In the cover article of the April 2011 issue of the Sound Mind Investing Newsletter, Austin Pryor shared stats that indicated that the US Dollar has fallen 14% (when compared to some of the major currencies) since the end of April 2009. You’d think that as a missionary who is paid in US funds I would have already known that, but I guess the PNG Kina hasn’t been hit as hard or I’ve been ignorant … [Read more...]

Best Personal Finance Software 2014

Once upon a time I started on a quest.  It was the most noble of pursuits - to find the best personal finance software. My mission, of which I was given no opportunity to accept, is to find or upgrade my a personal finance software by April 30th. I had  Quicken Personal Finance Software, but alas my friends at the Intuit company want to continue to generate income so as of that … [Read more...]

How to Budget In Multiple Foreign Currencies

Tomorrow I’ll be updating you on a new MH4C schedule, but I’ll let you know this much – every Thursday I’ll start answering a readers question (instead of Friday).  If you have a question you can contact me.  A reader asked: We are also missionaries in PNG (currently on furlough in Canada).  For quite a while we've been wondering if there are any simple-to-use personal finance software … [Read more...]

5 Ways To Respond to a Weak Dollar

By dollar, of course, I am referring to the US dollar.  To my Canadian readers, I would advise you to enjoy the return of the strength of the Canadian dollar.  How does a sunny vacation south of the border sound? Let me mention clearly that I am not a global economist. I am, however, a global citizen who watches the trends of several currencies.  Still, I do not know what will happen to the … [Read more...]

The Best Way to Exchange Foreign Currency

Cheapest Way To Exchange Currency The tickets overseas have been purchased, the destinations established, and the kids are excited.  Now you are forced to watch with horror as the US dollar continues to lose its value compared to most of the major currencies.  While you cannot control the value of the US dollar, you can minimize the damage by finding the best ways to access your cash out of the … [Read more...]

How to Use Xe to Send Money Overseas

What is XE? XE is a currency trading platform that allows you to send money from your home currency into hundreds of others.  It allows you to have money withdrawn directly from your account (via EFT).  Those dollars will be exchanged into the currency of your choice and sent by wire, check, or EFT to a person of your choosing. You may not ever send money overseas.  However, many of you worship … [Read more...]