You know, money can become a major inconvenience when you’re out of the country. Thankfully, in this day and age it’s rather convenient, what with accounts accessible online, but nonetheless I find it difficult to get things done as efficiently. With tax season in full swing, I am getting concerned about filing my own tax returns this time around. There’s a form that I need that I don’t believe I have, but being away makes it difficult for me to ensure I have it in time for the deadline.
Then there’s the issue of bank accounts, which I am considering opening up here, but then I have to figure out how to close it down and withdraw the money at the end of it all. I’ve thought of just living off cash, but that is too risky and not taking advantage of ways I might be able to make my money work harder for me if I deposited it. I’ve considered trying to use PayPal, which gives decent rates, or figuring some other way to get my paychecks deposited into something useful.
Let’s not even mention the headache of deciding if keeping my money in SGD or USD is more advantageous. Ironic that I studied Econ when I rather dislike financial analysis. Don’t even get me started on stocks, bonds, mutual funds, CDs, IRAs, 401ks, etc… all that talk makes my head spin. Unfortunately, it is also stuff that I am going to have to get more and more familiar with in the coming years as I try to manage my money effectively. Sigh.
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