Money

When you first arrive in the United States, you may not know what to do with your money or who to trust. There are many types of financial institutions like banks, credit unions, and loan associations. Each offers a variety of services and has different rules and protections.

American families with low income can get help from the government with their expenses. This help is called welfare, or public benefits. Refugees coming to the USA also qualify for public benefits when they first arrive.

A budget is an estimate of how much money you have every month and how much money you need to pay for rent, utilities, food, transportation, clothing, etc. It will help you figure out what you can spend without running out of money. Having a budget also makes it easier to save money.

Credit cards and loans are very common in the United States. People use credit cards to buy small and big items. Loans are for more significant purchases like a car or getting a house.

It is easy to send money to people in other countries. There are several safe and quick ways to send money internationally. Learn how to send money to other countries quickly and safely.

Taxes are amounts of money people contribute to the costs of running a country or community. For example, taxes pay for schools, hospitals, and roads. When citizens and green card holders pay taxes, they are paying their share of programs that benefit them.