Missionary Minded

MKs and Money

Most of us missionary kids (MKs) learned how to see the world though our parents’ eyes. We learned about cross-cultural sensitivities and God’s love for all creeds and colors. Sometimes it was taught but most times simply observed. For example, I learned in Latin cultures to always talk about family and health before ever talking about business. It wasn’t until I was older that I realized why we always asked a business person about their family first. We gained each other’s trust that way. This is similar to kids and money. Just like my parents intentionally taught me about missions and cross cultural ministry, I can intentionally teach my kids... [read more]

Category: Missionary Minded

Money Mistakes

Writing this travel blog with money-saving tips makes me conscious of whether I’m practicing what I preach. Kind of like preaching to the choir when the choir is me! Well, I’m giving it my best but sometimes we’re all supposed to learn from our failures—right? So here is my primer on dumb ways to... [read more]

Category: Missionary Minded

ATM Withdrawal Limits

As missionaries we sometimes need to pay cash for items that we could easily buy with our credit/debit card or check in the US. So, it’s not uncommon for us to withdraw large amounts of cash using an ATM to pay for capital items. At times we’ve had difficulties taking out as much cash as we need, so we’ve planned our ATM withdrawals with that in mind. The reality is that there are limits involved with ATM cash withdrawals, but with some knowledge, trial and error, there are still ways to get the cash you need. One limit is the daily limit on withdrawals allowed by your bank. For example, ECCU’s standard daily (24hr) ATM limit for withdrawals is $1010 USD, or the available balance (whichever’s lower), and for POS (point of sale)... [read more]

Category: Missionary Minded

Cultural Economics

When we moved to Africa four years ago, I took my first real trip through the grocery store to look for items that I actually needed for our home. The store near where we lived had an amazing variety! You could buy everything from a loaf of bread... [read more]

Category: Missionary Minded

IRS and Overseas Accounts and Assets

Serving internationally, it’s important to know what the rules are surrounding foreign accounts and assets. I’m not a CPA but I’ve spent some time researching tax laws and IRS reporting... [read more]

Category: Missionary Minded

Travel Blog: Travel Agents

“Out with the old and in with the new!” That may be good advice for spring cleaning, but it may not always be the best money-saving counsel for travelers. Consider the once ever-present travel agent. It used to be that you could hardly imagine planning a trip of international import without the help of a world-wise agent and their trusty travel brochures. Then came the internet and suddenly we can plan our own itineraries and book our own hotels in Rio or Rome while based in Reno. Travel agencies... [read more]

Category: Missionary Minded