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Thought Leadership in Action

Save Money When Traveling Abroad by Thinking Like an Economist

A record number of tourists and business travelers visited a country other than their own in 2017, and this year is already on pace to exceed that tally. One thing you definitely need when traveling abroad besides a passport is local currency, such as euros in Europe, yen in Japan or rubles in Russia. In the past, travelers would typically withdraw what they need from an ATM in the count...

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Good Use of a Year-End Bonus

Spending Money isn’t a Bad Thing, but Spend Mindfully Many companies earmarked 2018 year-end bonuses this past fall – well before the markets reversed course. As such, you may find yourself fortunate: You got a year-end bonus for 2018. Shelve for a moment your visions of exotic trips and instead evaluate how to make the most of this extra money. Your year-end bonus remains taxable income...

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