Episode 5a: Money, money, money: Storing your money safely, and how to pay for things
Not all Americans are careful with their money; but those who are most successful generally make good decisions about spending and saving money. Here are five things you need to keep in mind about money as you start your new life in America. 1. You will need a job as soon as possible. The government benefits you are receiving now are time limited. Having a job puts you in charge of your own destiny. 2. You need to find a bank where you can conveniently access your money. Get one which is close to where you live or work and which has a good reputation for friendly customer service. 3. American banks are insured by the government for $250,000, so you don’t need to worry about losing your money if it is in a bank or credit union. 4. As soon as possible you need to start saving some money every month. This way you are prepared if there is a family illness or if you need to buy a car or some oth...