Sharing Daily Discoveries About Personal Finance And Business Topics

Paying Bills When The Exchange Range Is Good

financial literacy

It seemed like in recent days the Canadian dollar has actually been going up. I do have a few bills that charge in US currencies and as a result this makes my expenses a lot cheaper. The thing is I usually just pay the bills on a date after the monthly billing ends for the credit card. However, because of the rise in the dollar I am finding myself waiting and guessing what the highest exchange rate the dollar will go before paying the bill.

It might only be like a ten to twenty dollars savings as an example but it’s still money where this is all about timing. Although some would say if I am this invested in trying to get the best exchange rate that I may as well do something like Forex trading. I would probably only do that if the dollar got ridiculous like a one to one ratio as having to invest like that probably takes a lot of patience to learn the trade I guess you can say.

For now just doing stuff like this to help reduce the bills is good enough.




Leave a Comment

Your email address will not be published. Required fields are marked *

Menu Title
Loading...