Saving Money

In June 2015 Haitians were shocked when the Haitian currency rised above 50 gourdes for 1 U.S. dollar. One million gourdes was worth about USD $19,801. What if you put one million Haitian gourdes in the bank back in June 2015, how much would it be worth today, June 2019, in U.S. dollars?

With the Haitian currency having absolutely no value compared the the US dollar, the price of food in Haiti has gone up and up to an unacceptable level these days. Everyone is complaining.

One of the number ONE way that money enters Haiti is via money transfers from the Diaspora to their family and friends but can you believe how fast that money leaves Haiti through its borders with the Dominican Republic and to other countries?

My fellow Haitians, The US dollar has skyrocketed in Haiti lately... As of November 16 2018, you now need 75 Haitian gourdes for one us dollar in Haiti.

Read this... The number one reason Americans save money is not for college, it is not for their retirement, and it is not to buy a home. The number one reason Americans save money is to go on vacation and see the world.

I just found out, premium gas does nothing for your car except cost you more money! I just read on the Federal Trade Commission's web site that buying premium gasoline instead of regular is a big waste of money! Read this...

I was reading an article about saving money during financial crisis and one of the advice is to move your money to a bank that offers a higher interest rate.

If you have a washing machine at home or in your apartment here is a simple tip that will save you money...

I know many Haitian-Americans who will not agree with this statement but... No matter your net worth, you should never put college savings ahead of retirement... Why? Keep reading...

Did you now this... CREDIT is the most important part of the economy... Guess what? Credit is non-existent in the Haitian economy... I mean, really... If there is a way to build good credit in Haiti and use it to buy a car, a house or start a business, I do not know anything about it.