This article contains general information regarding your financial planning in the United States. Many foreign nationals who move to the U.S., often with the help of immigration service, USAFIS, don’t know how to handle their finances.
For specific information regarding your finances, a professional financial adviser can be most helpful in providing you with a plan just for your needs. Here are some basic things to keep in mind as you plan your financial future.
USAFIS is an immigration service that helps foreign nationals with their visa applications, as well as the immigration process to the United States. However, before you move to the U.S., you should plan to have at least three to six months of living expenses set aside. This money will take care of you while you get moved into your new residence and while you are looking for employment.
You should put this money into a savings or checking account and make sure that you don’t spend more money than you have available. It’s also important to avoid going into debt, as this can quickly become a burden to you.
Investing Your Money
Your age and stage in life at this time will determine how you should invest your money. If you are single, you can save your money to buy a home, as well as planning for retirement. If you are newly married or have a child, you can save for a home, insurance, college, and retirement.
Older people can save for their estate planning and protection of their funds and properties. Contact USAFIS today to learn if you are eligible to move to the United States to live, work, and study!