transfers online with a few clicks. You tell your bank where to send money, provide them with some important details, and they send it to the recipient’s bank account. Conventional wire transfers through a bank can be fast, secure, and ideal for some of life’s bigger transactions. Examples might be […]
All the Jamaican banknotes have the same design. They have portraits of Jamaican national heroes and prime ministers on the front. But they feature images of memorable cultural scenes and landmarks on the back. The goal of that design is to celebrate the Jamaican culture. Since its introduction, the Jamaican […]
When you’re planning your trip to the Philippines, you need to get familiar with the best ways to exchange your CAD for PHP. You have two options you have to decide on: Exchange your CAD for PHP before you arrive. This is the most convenient way because you’ll arrive in […]
If you’re planning a trip to the Philippines or want to learn more about its currency, you’re reading the right article. The Philippines is an awesome country in Southeastern Asia with many cool places to check out and a fascinating history you can learn. Let’s not waste any more time […]
Customs and traditions are often more about how you deliver the gift than how much you give. In China and other East Asian cultures, for example, gifting cash in red envelopes called lai see or hongbao is a common practice. And in India and other South Asian regions, it’s customary […]
Americans are spending more than ever on graduation gifts, with total spending topping $5.8 billion in 2021 and 2022. However, graduation season generosity raises some tricky questions for parents, relatives, and friends. Namely how much money is the right amount of money to give as a graduation gift? This article […]
For example, if all you can afford to do is to help pay for diapers for your niece’s newborn son, that’s fine. Or, if you’re concerned that your son can’t find a reliable car to commute to and from work, consider helping him cover his car loan payments. Send money […]
That’s just the US rule. When gifting money, even to family members, be sure to check the tax rules where you (and potentially your recipient) live. Since tax laws can be complicated, it could be best to consult a financial professional to understand the tax implications of your gift. Understand […]
Gifting money to family members can help show you care and is especially convenient if they live far away. Maybe you’re not sure what they’d like for their birthday, or you’re helping them pay for medical expenses. Whatever your reason, there are some important factors to consider before sending your […]
What gifts are safe from taxes? Several types of gifts are generally “safe” from federal gift taxes. Here’s a quick rundown to help you understand how much money you can gift tax-free: Gifts to your spouse are generally tax-free, with no limit on the amount (provided you are both US […]
