Explore Abroad & Still Save? Mission POSSIBLE. ???
FinCocktail
A guide for youngsters to mix the perfect finance cocktail that tends to all their personal finance needs!
Hello dost!!!!
Kase Ahaat? I am tho fully rejuvenated and recharged after the longest break from work and it was kadak!!
What I was up to:? I was on a 3+ week-long trip across the US with my husband and it’s the longest break I’ve ever taken. With Niyati busy with Krishiv, our newest mascot, I wanted to pick up all the pieces as work and give her the much-needed time off from fiascos at the office. But I gotta admit I was craving a break myself, and life (and Niyati of course) was kind to me and I took off with Kirthi to the States. We covered 5 places across North America and caught up with our favorite people too!
This reminds me of a quote from Emily Henry’s book People We Meet On Vacation “On vacation you can be anyone you want. Like a good book or an incredible outfit, being on vacation transports you into another version of yourself”. I couldn’t agree more!
As much as I love international travel, the hardest part is always the money matters, even for me, lol. How ironic! But I’ve figured out the best way to transact while away from India!!
Market ka haal: Our domestic equity markets stumbled for a fourth week straight. Why? Retail inflation numbers for July 2023 shot past predictions, causing a stir. Global equity vibes weren't great either, impacting our market. Switching gears, the U.S. Federal Reserve's July 2023 meeting notes showed inflation concerns, hinting at potential tighter monetary moves.
Now, on to the goods – tomatoes are getting kinder on the wallet, but groceries? They're having a price party, climbing up lately. RBI chimed in. They highlighted the need for supply-side changes in India to keep veggie price craziness from messing with inflation math. But there's still a glimmer of hope as our economy seems to be gearing up to gain momentum in the second quarter. This might counterbalance the dip in exports due to the not-so-hot global demand.
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Humara Gyaan:?Many of us want to travel the world but it's always soooo expensive ya!! Apart from the cost of air tickets, stay, sightseeing, and other basic stuff, carrying the cash to spend on all this and more is simply too much. Credit cards aren't a great option either given that they charge a bomb of a fee for forex transactions. But I've got a solution!
Enter: Forex Cards! They are just like debit cards but for multiple transactions! You can just walk into your bank and ask them to convert a certain amount of money into a Forex card and when you're traveling abroad, you can just use this card in the local currency. Here’s all you need to know:
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As you embark on your international escapades, here's a golden rule: Adventure doesn't have to break the bank. Amidst the excitement of international travel dreams, there's one savvy strategy that transcends borders – saving money. Whether it's scoring budget-friendly flights, optimizing currency exchange, or seeking local gems, remember that financial mindfulness can enhance every journey.
Let every passport stamp become a symbol of smart savings and unforgettable experiences.
Sayali