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...]
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...]