Savings Strategies

By Rhiannon Davies  


The way we think about money has changed in the last 12 months as leading economies of the world have faltered and we've witnessed banks going bankrupt and respected international leaders ordering the printing of money! Where up until recently we were all obsessed with what we could get in terms of 'consumer durables' and how much we could borrow to advance our spending power, everything has been turned on its head and being in debt is no longer cool!

Saving is the new spending and there are many easy ways you can develop a positive savings habit - such as paying yourself before you pay anyone else when your monthly salary payment hits the bank. I.e., moving a portion of your cash into a less accessible savings account each month as soon as you are paid so that you don't waste that money, but instead you save it for a rainy day.

If you're living abroad or you regularly travel overseas for business or leisure reasons, it could just make even more sense for you to have an offshore or international savings account - and in this report we're going to discuss the advantages of an offshore savings account in order to help you determine whether such an account structure could benefit your finances.

Whilst those resident onshore in their original home nation seldom achieve any taxation benefits by 'going offshore,' (i.e., from moving their money overseas), there are still potential reasons why an offshore account can even benefit such individuals. And for those who are living abroad, working overseas or who regularly spend time 'on the road' and away from home, there are even more potential benefits to keeping savings offshore.

At this point it is imperative to mention that before you take any action with your hard earned cash you need to seek specialist financial advice - and this is equally as appropriate advice for those tax resident onshore as it is for expatriates and those leading a more international lifestyle. Where one financial solution might be perfect and ideal for one individual, it could land another in a whole heap of hot water! Therefore, before taking any action with your wealth, seek qualified and independent financial advice appropriate to your circumstances.

In terms of the most common advantages achievable with an offshore savings account, these include the ability to defer the payment of taxation on the interest that you earn. Generally speaking interest is paid gross - i.e., without the deduction of tax. This means that for the tax year your savings have a booster as interest is paid each month on a larger sum. At the end of the tax year or at the end of the term of your savings account, you may well have a taxation liability, but because your money has grown in the interim without tax being taken away, this can have a booster effect on the growth of your money.

For some, particularly those living abroad in a nation where taxation is low or even not applied to money not remitted to that nation, tax can legitimately be avoided on an offshore savings account - however, never assume you have no tax liability, such an assumption could land you in serious bother! Always determine your liability because when it comes to tax, ignorance is not an excuse.

If you work overseas or regularly travel as part of your employment, it could be that you earn your money in more than one currency or you earn it in a currency other than the one you spend day-to-day. In this instance a multi currency offshore savings account could help you to offset currency fluctuations and/or to make it easier for you to save a portion of your wage each month. Offshore savings accounts also tend to be highly flexible in terms of access - again something that really benefits those on the move or living away from 'home.'

Some offshore savings accounts pay higher rates of interest and/or have preferential terms to their onshore equivalents. This is because competition in the offshore marketplace may be more intense than onshore for example. Therefore it is worth looking around and seeing what's available for the positive management of your money.

Finally, the best financial advisers who work with expatriates and international citizens usually have a strong working relationship with leading finance houses and banks offshore, this sometimes gives them access to even more specialist rates of interest or better and more preferable terms for their clients - so it can literally pay to take advice from the best independent offshore and expatriate financial advisers, as they may be able to help you take a short cut to better rates of interest for your savings.
Rhiannon Davies writes about the management of money for those living, working and travelling abroad and for more information and advice about offshore savings accounts or ways in which you can potentially enhance your wealth offshore, visit ShelterOffshore.com

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By Kevin Kelco 




Waterford, Michigan. Too many people relate there is more to daily living than abortion. In what ways are our expectations today not linked? Consider the following: 
Where are American manufacturing industries?
Where are American workers to get jobs?
How are Americans to maintain her or his health?
What happened to American commitment?
Why are imported products lacking durability?
How are Americans to buy homes and be upwardly mobile when Corporations are not committed to the United States?
Why are advancement jobs evaporating in the United States?
Major Corporations have sold their product patents to other countries now making inferior products, importing them to America and selling to Americans. Not only have our expectations for quality and durable goods and services been aborted, our Homeland Security is also being terminated. No factories, no manufacturing jobs, no defense.


Retirement and health benefits are being removed in our Republic leaving families experiencing no financial security.

We can remain indifferent and not get involved with the choice a person makes. Our ignorance allows her or his choice to affect our life and health individually, in community, and Spiritually.

God allowed Lucifer to make the choice to be godlike.

God provided the entire world for Adam and Eve to enjoy. God only asked that they not partake of the "fruit" of the Tree of the Knowledge of Good and Evil.

Lucifer, Adam, and Eve all made choices. Their choices have affected and infected all of our lives.

Those not believing in God have made their own choice. All people's lives are important. It is what we do with our lives that provides either fruit or a dead branch. What fire does God throw the pruned dead branches in?

More that 2000 years ago, a single woman named Mary had a choice too. Mary knew that she needed to be married to a man to have a child when she questioned Gabriel. She actively trusted God and submitted to His path for her. Today we claim to not know when life begins.

Let me help: Anything that requires nourishment is living. Plants, animals, people, organisms, and others. Take nourishment away as in Terri Shiavo, and the living die. This was done under the watchful eye of the legal system and our government. Terri had family and friends who wanted to care for her. If a government representative will not protect the life of an innocent and vulnerable life, why would that government official care about my or your adult life? Why would that government official even blink at any benefits or security you or I may work for or need when they allow infanticide on a baby on our tax dollars or laws of man?

God gives us our lives. His design of man and woman allow us to give His gift of life. Other combinations disregard God's plan and make us godlike. There is only One.

Disabled people are not flawed or errors in development or health. Our choice is to work with and assist the persons and parents to be the most and best she and he can be. Abortion is not health care.

Americans are to have a Republic which is for the people by the people. Our health care reform Bills are an example of our laws being long and complicated. Even Ivy League scholars cannot follow the ins and outs of the House and Senate health care Bills. The President of the United States relates abortion is not included, yet abortion is in there. How are everyday American men and women to understand and trust our representatives with the continuous double-speak?

I too, am merely a working person. 
I see Medicare being government and never has enough money.
Medicaid is government, and never has enough money.
Social Security is government, and never has enough money.
Veteran's benefits are government and never have enough money.
If these government programs have never experienced enough financing, how is the government going to fund our health care? Aborting our lives will be included in health care reform as long as we, my fellow Americans, remain indifferent. Aborting our life is going to be a choice made rather than work to save it.


Our American Forefathers established our Nation under the Christian philosophy. Determine if your place of worship remains committed to life and God's Word, and not diluting God's design for the importance and value of all lives. Christian or not, if we endorse immorality and we seek only the best government money can buy, no life has any value. America experienced the best of everything while we as one nation believed in following and seeking God, and under His Guidance did what others thought was impossible.

God's Word is not old. God's Word is just as applicable today as it was with Adam and Eve. Nothing has changed. In any century B.C. or A.D. our purpose is to choose good or evil. We expect God will not abort us when we arrive at the Narrow Gate. Are we not allowing aborting God and His Guidance in our lives?

For those not Christian, your life and your contributions are not to be aborted. Life is not my way. Life is His Way. It is the umbrella the American Forefathers unanimously established for all Americans to: 
"... hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights...".

As a Catholic mortal requiring daily Reconciliation myself, I offer the resource of The United States Conference of Catholic Bishops U.S.C.C.B. to Guide and increase value of our live's purpose. All persons of any Belief can access the site and find assistance in finding steadfast information on political and domestic issues at their link below.

Is this time or message hopeless?

Certainly not. Through faith with works that will make a difference, and not being sloth in our choice on life's issues. Therefore each person can actively participate, grow, act, and responsibly bear a fruitful life for Him, or choose to abort Him.
Kevin and his wife are active in the Ministry for Troubled Marriages known as Retrouvaille ("Retro-vie"). Retrouvaille is a French word translated to Rediscovery. Retrouvaille's beginning was in one parish in Montreal, Quebec Canada in 1977. Retrouvaille was translated to english in Toronto, Ontario, Canada, and has been expanding through the world since. In the United States, there is a program in every state and increasingly worldwide. For more information, enter Retrouvaille and your state or province in your search window, or please refer to the website http://www.HelpOurMarriage.com.

It does not matter what a wife or husband's religious preference is, if any. When any marriage fails, it affects everyone around her and him.

To view The United States Conference of Catholic Bishops website: http://www.usccb.org/.

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