Tuesday, June 28, 2016

Ania's guide to moving to the U-S of A!

Feel free to use this document to guide your way around the USA. Currently this document is curated from experiences that I have had, and will hopefully help you when you come to explore the great United States of America! Given my background, it is more tailored to Australian visitors, but all of the advice is applicable to other nationalities as well. 
Note: links are subject to change and may not work and this information may become dated.  
Updated: July 2016

Banking:
I would highly recommend opening up a bank that is global which exists in both your home country and the USA. A good example for Aussies is a Citibank account. Their everyday account let you take out cash from any Citibank ATM in the world with no surcharge or fee and their exchange rates are very reasonable (some of the best I have seen... and I spent months looking and comparing! See here. You can also easily transfer money almost instantaneously between AUS and USA citi accounts using their inter-citi system online for free (much cheaper then using a currency broker). 
Credit Rating:
Your credit rating in the USA is extremely important and may be used to determine whether you can rent an apartment, buy a car or take out a loan of any sort. Unfortunately, when you move to the USA, you cannot transfer your credit rate and start at zero. Luckily, you also don't move any of your debt to the USA so often can build a good credit rating within a few years. The best way to start to do so, is to open a credit card, use it often and pay back the total sum within the due time-frame. 
Other things that matter is: (From Consumer Finance.gov)
  • Pay your bills on time, every time. One way to make sure your payments are on time is to set up automatic payments, or set up electronic reminders. If you’ve missed payments, get current and stay current.
  • Don’t get close to your credit limit. Credit scoring models look at how close you are to being “maxed out,” so try to keep your balances low in proportion to your overall credit limit. Experts advise keeping your use of credit at no more than 30 percent of your total credit limit. Note: You don’t need to revolve on credit cards to get a good score. Paying off the balance each month helps get you the best scores.
  • A long credit history will help your score. Credit scores are based on experience over time. The more experience you have with getting credit and paying your bills on time, the more information there is to determine whether you are a good credit risk. Ania's note: This tends to hurt international scholars the most, as you need a few years of good credit for it to be usable, even if you have a great score.
  • Only apply for credit that you need. Credit scores look at your recent credit activity as an indicator of your need for credit. If you apply for a lot of credit over a short period of time, it may appear to lenders that your economic circumstances have changed negatively.
 Don't forget to check your credit score regularly to ensure nothing has been falsely reported against you. You are eligible to check your score for free, once a year.


Mobile Phones:
The USA is a bit weird with mobile phones and doesn’t seem to have as much competition and therefore worse prices in Australia (apart from decent coffee and mobile phone services, everything else is cheaper!). If you have an iPhone, the problem is compounded because Apple controls all of the vendors to some degree so you won’t be able to get internet with any prepaid plan with AT&T or Verizon. The only place you can get internet prepaid is at t-mobile (which I recommend). If you are going to be staying about a month, I would suggest their prepaid deals, some of which gives you unlimited internet, phone and texts and for $10 extra you can call international landlines and text internationally as much as you want (which includes many countries). You just charge as you go and is much much cheaper than getting an international sim card. As a comparison - this is actually cheaper than going on a 24 month contract with a company - you would be paying about twice that for the same thing. Weird huh?


Goods and Services Taxes
In many states the taxes DO NOT need to be included in the displayed price on the item. To make it even more confusing, each state taxes at different rates and for different things (e.g. clothes and shoes less then $175 are not taxes in Massachusetts, otherwise its 6.25%). So just be aware that the price on the tag or shelf may not reflect the actual price at the counter!


Tipping:
I admit, I had very little clue about tipping but when you realise wait staff make as little as $5 (or less) an hour, you can appreciate why you need to tip! TripAdvisor has a good guide, but here is a quick reference (all is calculated prior to taxes):

- Sit down food (anywhere; diner or formal dinner): 15% minimum, if very good, 20%
- Taxis: 15%
- Bars (drinks): $1-2 per drink or 10-15% of bill. A lot easier to set up a tab.
- Concierge/Bell boys/Cleaning staff at hotels: $1-2
- Any personal services (makeup/hair/massage): 15-20%

Hope that helps!
Ania :)

3 comments:

  1. Excellent article, especially if it is a question of a commission to a foreign exchange broker. I often had to deal with them and it has bothered me, because it is possible to do it without him, but it would not be legal. Breaking the law is not for me. I am willing to pay only for what really helps me, and not for the benefit of the bank. When I bought a new house, I searched for people who would help with the move, after long searches I found them https://www.moveprola.com/santa-monica-movers/. They gave me the best conditions in the ratio of price and quality. It was the help I needed, without which I could not do without, but the commission to a currency broker is quite another matter.

    ReplyDelete
  2. Planning and relocating across town, you will need a moving company you can depend on to get you there. And that's where moving companies come in. They are there to help you move those boxes of stuff you got and be assured that your valuables are genuinely taken cared of. Dallas Movers

    ReplyDelete
  3. Moving requirements cautious arranging as it includes a considerable measure of multifaceted subtle elements, for example, sorting out your stuff, calling for assistance from loved ones, conveying substantial furniture, keeping fragile things in wellbeing, and after that unloading and sorting out your things once more. Moving Checklist App

    ReplyDelete