Tips for Managing your Finances when you’re Out of the Country
If you’re not going to be around to sign for packages or go down to your bank and make a withdrawal, you may have a few different types of complications arise while managing your bills during the time you will be out of the country. There are some expenses that you can put on hold, such as electricity expenses, but other financial necessities have to be taken head on. Take the time now to shop for refinance auto loan options so that you can make multiple payments in advance and have your car waiting for you after you get back home. Let all of the businesses that you have accounts with know that you will be abroad for an extended period of time so that identity theft doesn’t occur in your absence. Lastly, see what abilities you will have to manage your bills online and learn if there are certain accounts that you can have put on hold.
Staying In Contact with Creditors While Abroad
The best thing that you can do in preparation for going abroad for a while is notifying your creditors. Most won’t have any concerns and will just want you to give them a call when you get back home, but they will appreciate you being proactive. Other creditors may need you to fill out forms or to authorize someone else to speak on your behalf locally. You may even learn that you need to give a local resident power of attorney, but this requires little more than filling out a form and having it notarized. The good news is that you can have all of your affairs managed and put in order before you leave if you contact your creditors rather than find out that you made a major oversight just as you’re settling in your new temporary home.
Dealing with Time Zone Differences
Whether you are abroad in the Philippines or staying in the Australian outback, there’s going to be a major difference between local business hours and the hours of operation in your home country. You can either let the businesses that you work with know when you will be available or you can set your alarm clock and be prepared to make your calls during the times that are most convenient for them. Thankfully, you won’t need to make yourself available in the middle of the night that often. Consider the fact that you will likely be doing the same when it comes to keeping in contact with your relatives and make the most of the situation.
Be Ready to Work Digitally
In some instances, you might need to buy a plane ticket and fly out back home in order to resolve emergencies amicably. For instance, if you were to learn that your home was broken into you would need to make an appearance at your local police station, speak to your insurance agent in person and check your home for damage. For most other situations, however, you will likely not need to go further than your digital scanner and printer. If your mortgage company needs you to sign some documents, you can sign them digitally and send the signed documents over email, or you can elect to send a digital fax. When it comes time to renew your car insurance policy, you can scan your photo ID, fill out a few forms and have them sent to your agent digitally. Even auto loan companies allow for applicants to digitally sign documents in most cases.
If you have a computer and a phone, you can pretty much take care of all of your finances no matter where you currently are residing. Plenty of people travel for work or end up extending their vacations, requiring them to make auto loan payments from different countries or even register their kids for school while away. Just be sure that you respond to all contacts from your creditors promptly and have the ability to verify your identity.
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About Avel Manansala
Avel Manansala aka Bariles, is a native of a bustling city down south of Mindanao Island. He is a consultant on Blogging, Social Media, and Marketing . He is co-founder and head of the SoCCSkSarGen Bloggers and manager of Google Business Group (GBG)- General Santos. You may add him to your circles on G+ – http://plus.google.com/+AvelManansala. If you need more info on any of these fields, please leave him a message.