Vatsal Nahata young Indian who has worked at both the International Monetary Fund And the world bank offers some advice on how to conserve money while living in the United States in one of his LinkedIn posts which has gone viral. Give it a quick read to know some amazing tips.
Vatsal Nahata, a young Indian research analyst, recently made news when he was offered a position at the World Bank for the years 2020–2022. He also just published something on LinkedIn that has been attracting attention.
Vatsal, who works at the International Monetary Fund (IMF) at the present time, has provided some tips and tricks on how to live well in the United States without making a significant impact on your financial situation. Let’s have a look at the things he brought up in his LinkedIn post, shall we?
Be wise while shopping for groceries — Did you know that 85% of products sold in American supermarkets contain processed chemicals? If there is a lot of added sugar, salt, tocopherols, etc., in the ingredients, you should not consume it. People’s excessive weight gain has a rationale. Spending an additional $2–3 on high-quality milk, bread, cereals, and yoghurt is money well spent. A fantastic resource for healthy eating in the United States is FlavCity, a YouTube channel.
Get a credit card ASAP — Second, establish a credit history immediately; doing so would have saved me at least $700 in interest on my auto loan. My credit score was low for a full year after I graduated since I didn’t get my first credit card until then. Having a credit card is still beneficial, even if you just use it to pay for $10 of your monthly expenses. Obtaining a credit-builder card from Chase or Wells Fargo is your best bet. You’ll also learn how to manipulate points (I’ll write another article on how I manipulated points on my American credit cards to the tune of $1,500).
Get a CVS membership — Join CVS; it’s just $5 a month and you get $10 in perks. I get a flat $10 off coupon to use at CVS every month. I use it to clean my hair and teeth and do laundry. Overall, I make between $100 and $150 every year (because they also run a lot of other discounts too).
Don’t get winter wear from India — During the beginning of winter, stores like Macy’s, TJ Maxx, and Nordstrom Rack offer insane sales (with cheaper and higher quality jackets). Dollar shops, where everything is just a dollar, are also great places to stock up on necessities. Don’t bother bringing back any spices from India; there are dozens of excellent Indian supermarkets in the area that offer every possible spice.
Health Insurance — Avoid spending so much money on medical coverage at any cost. Don’t get that Bajaj health insurance; it won’t cover anything and will leave you on the hook for thousands of dollars if you get sick or hurt. In addition, learning about the insurance system firsthand is a wise expenditure if you plan to remain for three to four years. Colleges often provide excellent health insurance, so make the most of it by scheduling frequent visits with your doctor. I accomplished this, and it continues to be useful as I traverse the system today.
Thoroughly research the immigration system — There should be an international student office at your school (OISS). Yet they do an adequate job of informing you of your immigration rights and possibilities. I really regret not being well-versed in my immigration choices, including OPT, STEM OPT, etc. (for example, a company can only hire you on STEM OPT if they are e-verified, unlike OPT, where anyone related to your field can hire you). Hiring an immigration solicitor for an hour for $100 is a great investment.
At the end of the post, he generously mentioned, “Feel free to reach out if you have any questions.” “I’d love to hear from other Indians in the US on their observations.”
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