It’s ideal for a lot of people to start working from home due to different factors in their life. More people are opting for this dynamic and innovative kind of environment. Testimonies from corporate workers moving to this kind of lifestyle has proven working from home is effective and enjoyable compared to the usual 9 to 5 job. The reason why this is, is because of the flexibility it offers around your home life. However, you have to be committed when working from home as distractions can occur.
Although one might be interested in working from home, you can’t help but think about being paid online. People are unsure about whether they can actually make good income without leaving their home. The good news is that being paid for your dream job is fast, reliable, and easy and is even available with just one click, as long as you’re ready to work hard for it. Depending on the job you have, you can also find different ways to receive money or even transfer it online. For more information about this you can click here.
If you’re hoping to save money from the different exchange rates while working from home, then here are some tips for you to get started.
Look for easy but secure money transfer providers
The booming shift to the popularity of e-commerce has resulted in emerging money transfer providers both physically and online. These are independent companies helping individuals send and receive money faster and hassle-free. The most popular companies that offer this type of services are Western Union and Moneygram for worldwide exchange via an office setting.
On the other hand, PayPal, Payoneer, Transferwise, and OFX are those services using the internet. The advantages of using these types of platforms are that it doesn’t go under a series of long and dragging additional steps which may slow down the processing time when the money is transferred. This is beneficial for people working from home to receive their money from their employers in different time zones.
Likewise, companies opt for online money transfers instead since it’s been proven by business heroes, top business earners, and different types of entrepreneurs as a convenient paying method.
Consider using direct bank transfer
Direct bank transfers have been proven to be a great way to receive money from different countries. It’s always been a top option for people when completing business transactions. Additionally, banks have better security due to the local government’s protection. Because it’s local, you’ll be able to receive your pay near your vicinity or in a commercial area near you. Moreover, bank wire transfers can also send large amounts of money to you and aren’t always applicable to online money providers.
Some banks also partner with online jobs or money providers as well, so you can find out which one can be useful and which one can be risky. You may even find yourself paying no fees if you’re using the same bank which is doing the money transfer.
Find the best tools for saving money in exchange rates
The web is filled with vast tools that you can use every day to help save money when transferring funds. Adjusting from a corporate life to being an online professional can be confusing and might even be worrisome since it’s unfamiliar territory. There are guides online that would definitely help familiarize aspiring freelancers with the necessities in starting the online job craze. One recommended website by long-time online professionals is The Currency Shop that gives details in finding and comparing international money transfer providers and banks in your own currency. There are also apps that will help you monitor the current exchange rate to make sure that you’ll be getting paid accordingly. One other helpful way of monitoring your money for exchange rates is to budget your money for other uses by looking at apps available on your phone.
Verify, verify, verify!
Before being excited and placing your best foot through the door, it’s wise to check everything before proceeding. This includes details of the currency exchange rate. When was the last time you’ve checked the news, validity, and credibility of the method you’ll receive or send money to? Be sure not to give away private information that’s not needed when transferring money. This includes birthdays, credit cards as well as other government IDs. Usually, banks and online money transfer providers don’t require you to input more than your credit card number or your address but check the terms and services of these providers. Encouraging news for freelancers is that there are online job portals that also give guides on how they’ll pay you and what the requirements and fees are that’s involved. It’s also great that you have an alternative account to use instead of using a personal account to avoid scams or being phished.
Check additional fees
The downside of both online and physical money transfer is the fees and if you’re receiving your payment from outside your country, be ready for the tax fees and other processing fees you have to face. The good news is there’s different types of money transfer providers or banks that can give options for discounts or fewer taxes to be paid. Be sure to check these things first because you might be surprised by how expensive it could get choosing one money transfer company over the other. Lastly, be prepared for other surprise charges but don’t get discouraged as you’ll see that there’s generally discounts for those receiving a large amount of money or if there are agreements or partnerships within the company, and the method of withdrawing money that you’ll be using.
Look for peers in the work from home environment
Since it’s a dream job for most people as it reduces stress in relation to work, let’s not limit the capacity of finding tips to save money in exchange rates in front of a non-interactive web page. Work from home is really popular for moms, students looking for part-time jobs, travelers, and different kinds of people nowadays. It’s not hard to find someone who you’ll know online or locally that can help give tips on which option you can invest your time and effort in. There are websites for blogs, guides, tips and even other topics that will be really interesting to read. In addition, Facebook groups focusing on group discussions and real-time interactions are evidently trendy for digital nomads. What better way to know more about exchange rate saving tips than those who have been in the craft for years.
Be open to trying alternatives
Let’s face it, technology is overwhelming and very fast-paced. One blink and you’ll be surprised that you’re already introduced to crypto technology and the rise of bitcoin in the market. With the use of this kind of technology, it’s modern but very secure as it’s using encryption for the currency and it’s not limited to taxes and government fees as well as other hidden charges involved. Some online companies are open to paying their remote workers with this type of currency and the good news is that it can be exchanged for cold cash as well. Online shops also accept bitcoin payment so you can just use your hard-earned wage for your grocery or shopping needs. However, this is still a new method to use but watch out as this might be the future of e-commerce!
Compare exchange rates
If you’re starting out in the work from home scene, it’s a good idea to compare exchange rates on the types of jobs you take. For example if you’re from Australia and you get a job that’s paid in USD, you’ll gain more money for the work that you do. However if you gain a job in New Zealand dollars, you’ll lose some money per dollar that you earn. This is why it’s important to be savvy and find jobs which offer an equal to higher percentage of profits that you earn in your own currency. Some good options to try to earn money from include:
- AUD
- USD
- GBP
- EURO
These all generally offer a decent conversion rate depending on where you live in the world.
Conclusion
There are many ways on how working from home can develop one’s skills and open their eyes to a new way of working. Individuals on the web are opting for individuality and independence from bosses in the corporate world and welcome open-minded leaders who’ll take risks in recruiting people from all over the globe. This is why being street-smart with exchange rates and policies of your employer will be useful since you’ll be ready and secured for the next step. Being a digital nomad can be life-changing and would spark questions from people around you but since people are prepared for what’s next, it will feel like you’re working in bliss.
