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Emily's list: Foreign transaction fees edition
I'm about to go to Canada for the first time. Well, not technically the first time -- I flew into Vancouver a few years ago for an Alaskan cruise -- but I only set foot in the airport and cruise terminal. I wasn't even there long enough to use a credit or debit card.
I leave late next week for my delayed honeymoon, and we'll spend time in both Seattle and Vancouver. It's funny -- at first I figured I would just use my normal debit card in Canada. We both use currency called dollars, and so many things about the countries are so similar. I quickly realized that while the value is very similar, a Canadian dollar is still different from an American dollar, and I would incur a foreign transaction fee for every payment.
Instead, I'm going to be using my trusty Capital One credit card that I always use for international travels. It has no frills, but it also has no foreign transaction fee. We've been saving up money for the trip in an online savings account, and I was hoping to directly use that money via a debit card. Instead, I plan to use the Capital One card for nearly all of the purchases made there. Once I'm back, I'll pay off the credit card balance with the amount saved. It adds an extra step, but avoiding a fee of several percentage points for every single purchase is very much worth it! And I used my Chase Continental Airlines OnePass credit card for some of the big purchases made in advance in American dollars, such as our AmTrak train tickets, so I will also rack up some reward miles from the trip.
But I'm not leaving just yet. Read on for a roundup of my top 10 favorite personal finance blog posts from the past week, including several about managing money as a couple.
1. So Over Debt presents a very clever post that lists several reasons why personal finance can be a lot like cross-dressing.
2. Eating out for lunch every day can burn a big hole in your wallet, but it doesn't have to. Broke Professionals offers great advice on how to save money on lunch without bringing food from home.
3. No Debt MBA reveals how he and his significant other handle their money together, which works for them so well that they never fight about money.
4. On a similar note, Dinks Finance discusses how they learned to manage finances as a couple and the benefits that have come from it.
5. It's not all peachy, though; dealing with money as a couple can be tricky. Young and Thrifty lists several ways that couples can avoid frugal fatigue together.
6. I missed this one last week, and really wanted to include it. The Family CEO lists some of the best "how I got out of debt" stories that she found online.
7. Blonde and Balanced shares the three major milestones she has passed on her journey of achieving balance in her life -- one of which was getting out of credit card debt.
8. Not everything has to cost money. Debt Free by 30 explains how you can use bartering to get things you need without exchanging actual dollars.
9. Interested in jumping on the "extreme couponing" bandwagon? Consumerism Commentary discusses why its proponents are using fuzzy math and how you may end up wasting your time.
10. You've heard of the debt snowballing tactic. Afford Anything introduces the concept of a savings snowball, which allows you to add up savings after you're out of debt.
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