1) Banking & Cashflow
Avoiding fees and overdrafts
U.S. banks make billions of dollars from people who aren't paying attention. You must protect yourself from these vampire fees. The Overdraft Trap: If you spend $10 but only have $5 in your checking account, the bank will cover you but charge you a $35 fee. Disable 'Overdraft Protection': Tell the bank to just decline your card if you don't have the money. Watch the Monthly Maintenance Fee: Many banks charge $12/month unless you keep a minimum balance. If your bank charges this, move to a 'No-Fee' bank like Capital One or Chime.
U.S. banks make billions of dollars from people who aren't paying attention. You must protect yourself from these vampire fees.
- The Overdraft Trap: If you spend $10 but only have $5 in your checking account, the bank will cover you but charge you a **$35 fee**.
- 1. Disable "Overdraft Protection": Tell the bank to just decline your card if you don't have the money. It's embarrassing, but it's free. 2. Watch the Monthly Maintenance Fee: Many banks charge $12/month unless you keep a minimum balance or have a direct deposit. If your bank charges this, move to a "No-Fee" bank like Capital One or Chime.
Free Resource: 8 common bank fees and how to avoid them
2) Credit & Financial Identity
In the U.S., your Credit Score is your financial reputation. It is a three-digit number that tells banks, landlords, and even some employers how much they can trust you. For an international student, you start with a blank slate (no score), which can make it hard to rent an apartment or get a phone plan.
Here is your guide to building a Financial Identity that opens doors instead of closing them.
Resources
Record your progress
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