Comments on: How Can I Battle The Falling Dollar If I Work Overseas For USD? http://www.myinvestingblog.com/how-can-i-battle-the-falling-dollar-if-i-work-overseas-for-usd/ Teach Your Money To Think! Fri, 10 Feb 2012 18:37:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: rome http://www.myinvestingblog.com/how-can-i-battle-the-falling-dollar-if-i-work-overseas-for-usd/#comment-3914 rome Thu, 09 Feb 2012 03:08:00 +0000 http://myinvestingblog.com/2008/02/22/how-can-i-battle-the-falling-dollar-if-i-work-overseas-for-usd/#comment-3914 REALLY BUT REALLY I THINK ALL THIS INFORMATION IS A CACA PLATE. REALLY BUT REALLY I THINK ALL THIS INFORMATION IS A CACA PLATE.

]]> By: Sherry http://www.myinvestingblog.com/how-can-i-battle-the-falling-dollar-if-i-work-overseas-for-usd/#comment-695 Sherry Sun, 05 Oct 2008 17:25:36 +0000 http://myinvestingblog.com/2008/02/22/how-can-i-battle-the-falling-dollar-if-i-work-overseas-for-usd/#comment-695 you know I am happy to find the paid post to write so that I can earn some USD. not much but its a good start. :) <em>Sherry's last blog post..<a href='http://iluvcontest.blogspot.com/2008/10/win-cold-hard-cash-from-new-look.html' rel="nofollow">Win cold hard cash from New Look Houston</a></em> you know I am happy to find the paid post to write so that I can earn some USD. not much but its a good start. :)

Sherry’s last blog post..Win cold hard cash from New Look Houston

]]> By: Brian http://www.myinvestingblog.com/how-can-i-battle-the-falling-dollar-if-i-work-overseas-for-usd/#comment-694 Brian Sat, 21 Jun 2008 16:11:38 +0000 http://myinvestingblog.com/2008/02/22/how-can-i-battle-the-falling-dollar-if-i-work-overseas-for-usd/#comment-694 I concur on the Capital One CC. I got it specifically before I came to Asia for 2+ years, although some of their other policies and their service hasn't impressed me (because they are a "conservative lender"). But I keep the card anyway. My card is a miles card (good for those of us who travel abroad often) which gives you miles for purchases, 1.25 miles for each dollar spent on airfare, and allows you to apply those miles to any airline you want (I believe the policy is to reimburse the flight charged on the card once you've spent enough). The sweet part is you can earn miles from the airlines for traveling with them and then earn miles again with the card for the ticket purchase. For me it has allowed flexibility to go with cheaper airlines instead of feeling obligated to one to accumulate miles. I concur on the Capital One CC. I got it specifically before I came to Asia for 2+ years, although some of their other policies and their service hasn’t impressed me (because they are a “conservative lender”). But I keep the card anyway.

My card is a miles card (good for those of us who travel abroad often) which gives you miles for purchases, 1.25 miles for each dollar spent on airfare, and allows you to apply those miles to any airline you want (I believe the policy is to reimburse the flight charged on the card once you’ve spent enough). The sweet part is you can earn miles from the airlines for traveling with them and then earn miles again with the card for the ticket purchase. For me it has allowed flexibility to go with cheaper airlines instead of feeling obligated to one to accumulate miles.

]]> By: Andy http://www.myinvestingblog.com/how-can-i-battle-the-falling-dollar-if-i-work-overseas-for-usd/#comment-693 Andy Sat, 23 Feb 2008 00:39:20 +0000 http://myinvestingblog.com/2008/02/22/how-can-i-battle-the-falling-dollar-if-i-work-overseas-for-usd/#comment-693 My wife is currently working in London and getting paid in USD. We just use Capital One CC Card (no fees for use internationally) and use the ATM bi-monthly to get funds needed in the interim. This hedges the rates some because you spread your risk over the time you are there versus if you get all the money at once. Hopefully, Janine is getting reimbursements and some travel costs paid by her firm that should be adjusting or set to Euro-USD exchange. My wife has revisited this every month or so on her London Pound-USD exchange on the reimbursement. Another option is to wire your funds to a bank account in Amsterdam every paycheck. Another way to hedge it. We thought about opening a checking account in London but decided against it due to the hassle. Maybe your bank has branches there and could help you? My main recommendation is the Capital one no hassle card. You pay the exchange rate for that specific day and pay no fees to do it. Not so lucky with other CC cards... Hope that helps or gives you some ideas. My wife is currently working in London and getting paid in USD. We just use Capital One CC Card (no fees for use internationally) and use the ATM bi-monthly to get funds needed in the interim. This hedges the rates some because you spread your risk over the time you are there versus if you get all the money at once. Hopefully, Janine is getting reimbursements and some travel costs paid by her firm that should be adjusting or set to Euro-USD exchange. My wife has revisited this every month or so on her London Pound-USD exchange on the reimbursement.

Another option is to wire your funds to a bank account in Amsterdam every paycheck. Another way to hedge it. We thought about opening a checking account in London but decided against it due to the hassle. Maybe your bank has branches there and could help you?

My main recommendation is the Capital one no hassle card. You pay the exchange rate for that specific day and pay no fees to do it. Not so lucky with other CC cards…

Hope that helps or gives you some ideas.

]]> By: Janine http://www.myinvestingblog.com/how-can-i-battle-the-falling-dollar-if-i-work-overseas-for-usd/#comment-691 Janine Fri, 22 Feb 2008 15:30:15 +0000 http://myinvestingblog.com/2008/02/22/how-can-i-battle-the-falling-dollar-if-i-work-overseas-for-usd/#comment-691 I didn't even notice it until Xander did! I guess I figured that I knew the question and was just looking for the answer! :) Thank you Hank for posting the question and Xander for making sure we've got the right info - It's 4:30pm here and I was about to leave works so I thought I'd check the site. I've already done #1 and #5, but the other ones are certainly something I think I ought to look in to. My stay over here isn't permanent either. I go back to the US in September so I won't be here forever, but it is just frustrating to be here now and see my money being worth less and less... :( But thank you very much for posting my question! I didn’t even notice it until Xander did! I guess I figured that I knew the question and was just looking for the answer! :)

Thank you Hank for posting the question and Xander for making sure we’ve got the right info – It’s 4:30pm here and I was about to leave works so I thought I’d check the site.

I’ve already done #1 and #5, but the other ones are certainly something I think I ought to look in to. My stay over here isn’t permanent either. I go back to the US in September so I won’t be here forever, but it is just frustrating to be here now and see my money being worth less and less… :(

But thank you very much for posting my question!

]]> By: hank http://www.myinvestingblog.com/how-can-i-battle-the-falling-dollar-if-i-work-overseas-for-usd/#comment-690 hank Fri, 22 Feb 2008 15:23:52 +0000 http://myinvestingblog.com/2008/02/22/how-can-i-battle-the-falling-dollar-if-i-work-overseas-for-usd/#comment-690 @Xander - thanks for pointing that out, I looked through the email again and sure enough Janine is not in the UK, she's in Amsterdam. (Sorry Janine!!!! Change made!) I swear I knew that, I've been to both places and have used both currencies in each place! :) Duly noted and fixed! I was crafting it up a little TOO quick I guess, but yes it definitely drives the point home even more when you consider how well the pound is doing against the dollar. Aren't we in the same war? Sounds like the British government must be running their financial branch better than here in the US! @Xander – thanks for pointing that out, I looked through the email again and sure enough Janine is not in the UK, she’s in Amsterdam. (Sorry Janine!!!! Change made!) I swear I knew that, I’ve been to both places and have used both currencies in each place! :) Duly noted and fixed!

I was crafting it up a little TOO quick I guess, but yes it definitely drives the point home even more when you consider how well the pound is doing against the dollar. Aren’t we in the same war? Sounds like the British government must be running their financial branch better than here in the US!

]]> By: Xander http://www.myinvestingblog.com/how-can-i-battle-the-falling-dollar-if-i-work-overseas-for-usd/#comment-692 Xander Fri, 22 Feb 2008 13:26:33 +0000 http://myinvestingblog.com/2008/02/22/how-can-i-battle-the-falling-dollar-if-i-work-overseas-for-usd/#comment-692 Dudes: Hate to be the one to point this out, but the UK doesn't use the euro. The Brits trade in pounds sterling. Which ironically proves the point more, because the pound has been slaughtering the dollar even more than the euro has been. Dudes:

Hate to be the one to point this out, but the UK doesn’t use the euro. The Brits trade in pounds sterling. Which ironically proves the point more, because the pound has been slaughtering the dollar even more than the euro has been.

]]>