Money Management
Money Portal - Explaining money management for travelers and tourists.
Andy Graham Travel Blog Explaining how Having Friend Cost Money Because they Nick You Daily
Having friends in the cheap countries is an investment, these friends often do not have enough money to just share a coke with you.
How Many U.S. Dollars to Carry for Travel
2-3 times in my world travels, I have loaned U.S $50-100 to tourists who did not have any United States dollars on them.
Loan Shark Money Lending to Girls or Locals in Sosua Dominican Republic
Foreigners or expats loan money to locals living in Sosua, Dominican Republic often, and there are true loan sharks, money lending is worldwide.
Money Management
Money Portal - Explaining money management for travelers and tourists.
WesternUnion.com Sending and Receiving Money
How to use WesternUnion.com on the Internet to send and recieve money when traveling the planet.
Will The Euro Banknotes Fit Into An American Wallet?
The Euros banknote, the paper money of the European Union is different sizes, it is easy for blind people to tell apart, America money is same sizes.
I carry about 200-400 US Dollars, two ATM cards and travel the planet perpetually. This page is devoted to how to manage money as a tourist or traveler.
Concepts:
- Do not use traveler checks, unless you want to have large sums of money.
- ATM machines
- How many Dollars or Euros to carry?
Money Defined: Money is any object that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally, a standard of deferred payment.
Money originated as commodity money, but nearly all contemporary money systems are based on fiat money. Fiat money is without intrinsic use value as a physical commodity, and derives its value by being declared by a government to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private".
The money supply of a country consists of currency (banknotes and coins) and demand deposits or 'bank money' (the balance held in checking accounts and savings accounts). These demand deposits usually account for a much larger part of the money supply than currency. Bank money is intangible and exists only in the form of various bank records. Despite being intangible, bank money still performs the basic functions of money, being generally accepted as a form of payment.
Tue, 6 Apr 2010 05:00:35
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