Take the 2-minute tour ×
Travel Stack Exchange is a question and answer site for road warriors and seasoned travelers. It's 100% free, no registration required.

Im living over seas and basically keep a spreadsheet of various assets, stocks, savings, and investments in both countries.

Does anyone have any best practice advice for managing things. Just looking for something a little easier to manage with all the currencies and stuff.

share|improve this question

closed as off-topic by Karlson, Kris, Dirty-flow, Mark Mayo, Flimzy Mar 11 at 0:09

  • This question does not appear to be about traveling within the scope defined in the help center.
If this question can be reworded to fit the rules in the help center, please edit the question.

2  
Hello, this will be a great question to ask on the new Expatriates site. I believe the mods might close this because this is an expat related question –  Blackbird57 Mar 10 at 20:53
1  
Welcome to travel.SE. Actually this would be a question better suited to money.SE rather then the Expats site. –  Karlson Mar 10 at 20:54
4  
This question appears to be off-topic because it is about personal finance. –  Karlson Mar 10 at 20:55
    
Yea I just noticed after I posted sorry. Feel free to nuke. Just asked on money. Might take a look at expats. –  Louis Mar 10 at 21:13

1 Answer 1

up vote 1 down vote accepted

The beauty of the Internet is such that your location is basically irrelevant when it comes to looking at things. Actually taking action is a little bit harder - but not impossibly so. As such, I would suggest:

  • Use Mint for overall asset tracking.
  • Use an online bank in your home country, and remain subject to them. If you are from the United States, for example, keeping your home bank account is the simplest - and use ATMs to withdraw cash only when needed.
  • Use a credit card that minimizes foreign transaction fees and has good exchange rates.

The general idea is that you don't want to convert currencies unless needed. If you want to see your USD balance in Rupees or Rubles, by all means, but consider your stashes in two separate piles. If you have local currency assets, think of them in the local currency. If you want to convert back to the home currency, choose a good time to do it, and leave it there. But the two currencies really are separate buckets, and shouldn't be confused unless you really need to.

share|improve this answer
    
Good points I'll take a look at mint. This is prob going to get closed because I said a bad word so I've given you the accept rep while I can. Cheers. –  Louis Mar 10 at 21:15

Not the answer you're looking for? Browse other questions tagged or ask your own question.