The United States of America is home to millions of immigrants, many of whom are quite successful. It’s estimated that 18% of small business owners are immigrants, as well there are many immigrants staffed in traditional employment settings, such as auto mechanics, carpenters, office workers, etc. Immigrants often succeed, despite how difficult it is to adjust to new surroundings.
It can’t be easy to put down roots in a new country, so the following strategies are designed to provide information on saving money and bargain hunting in the United States for our newer citizens. By employing these money-saving strategies, you’ll find it possible to thrive in your new country. Considering many immigrants face unfair wages, and other difficulties, a little financial advice can really help to ensure that your money is maximized, and put to the best possible use.
Spend Wisely
Oftentimes, money is too quickly spent in department stores, malls, expensive gas stations, and other shopping establishments. Instead of spending at these big box retailers, and overpriced gas stations, try shopping at discount stores. The U.S. is full of small, discount stores, such as Family Dollar, Dollar Tree, Dollar General, and more. Join these store’s mailing lists online, so you never miss a sale or a coupon. Look for ways to spend smarter wherever you go.
Sandra Milena moved to the United States, from Columbia, eight years ago after she met and fell in love with a soldier vacationing in her home country. “Craig and I fell in love, but it hasn’t been easy living here. After moving here, my father fell ill. I found a job quickly, and learned that I could send a free wire transfer online through services like Ria Money Transfer. I didn’t realize I was overpaying by sending money through a local retailer. Since then, I’ve learned that shopping around is the best way to save money in America.”
Use Coupons
Natural citizens know the value of a coupon, and many American moms are couponing extraordinaires. In the Sunday paper and online, you can find a wealth of money-saving coupons. Coupons can actually earn you money when they’re applied to underpriced and clearance products. Yes, you heard right! By creatively couponing, you can score free product, save money, and even earn money.
Avoid Debt
Debt can get you into a lot of trouble. It can be difficult to say “no” to preapproved credit card offers, but you’ll need to avoid debt and establish a savings to truly get ahead. If you lose a job or suffer an unfortunate accident and you have a lot of debt you may find yourself unable to pay those debts. Instead of relying on credit, save your money as often as possible and then use your saved funds to place large down payments on the items you want (cars, houses, etc.).
Pack Your Lunches
Sure, it doesn’t cost too much to pick up a burger or sit-down lunch, every now and again, but overtime these micro-purchases do add up. If you want to save big, skip eating out. Instead, pack yours and your children’s lunches and save money that way. You can put the money you save into a savings account, and build yourself an emergency savings that can be employed when the need for an expensive car repair or down payment arises.
Final Thoughts
If you’re frequently motivated to save money, you will save money. Always look for a low-cost alternative to the items you’re using every day. If you’re confused about spending in your new home, don’t be afraid to employ the help of a long-term resident.
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