▲ 1 r/budget

Broke international student in the Midwest making minimum wage. What should I actually be doing with my money?

I’m an international student at a Midwest university working part time (minimum wage). Money is tight but I’m trying to be smart about it instead of just letting it disappear.
A few things I’m trying to figure out:
**•** What’s the best way to actually save when the paycheck is small? Is a fixed % even realistic on this income?
**•** Are high yield savings accounts worth it for someone with a small balance, and do any of them work well for international students / non-citizens?
**•** Budgeting apps: worth it or overkill? What do you actually use and stick with?
**•** Anything I should know about taxes as an F-1 student (tips income, filing, etc.)?
**•** Credit: can international students build credit here, and should I even bother this early?
**•** Any dumb money mistakes you made in college that you’d tell your younger self to avoid?
Not looking to get rich, just want to not be clueless and maybe have a small cushion by the time I graduate. Appreciate any advice.

reddit.com
u/Existing-Narwhal-481 — 2 days ago

Broke international student in the Midwest making minimum wage. What should I actually be doing with my money?

I’m an international student at a Midwest university working part time (minimum wage). Money is tight but I’m trying to be smart about it instead of just letting it disappear.
A few things I’m trying to figure out:
**•** What’s the best way to actually save when the paycheck is small? Is a fixed % even realistic on this income?
**•** Are high yield savings accounts worth it for someone with a small balance, and do any of them work well for international students / non-citizens?
**•** Budgeting apps: worth it or overkill? What do you actually use and stick with?
**•** Anything I should know about taxes as an F-1 student (tips income, filing, etc.)?
**•** Credit: can international students build credit here, and should I even bother this early?
**•** Any dumb money mistakes you made in college that you’d tell your younger self to avoid?
Not looking to get rich, just want to not be clueless and maybe have a small cushion by the time I graduate. Appreciate any advice.

reddit.com
u/Existing-Narwhal-481 — 2 days ago
▲ 4 r/moneyadvice+4 crossposts

Broke international student in the Midwest making minimum wage. What should I actually be doing with my money?

I’m an international student at a Midwest university working part time (minimum wage). Money is tight but I’m trying to be smart about it instead of just letting it disappear.
A few things I’m trying to figure out:
What’s the best way to actually save when the paycheck is small? Is a fixed % even realistic on this income?
Are high yield savings accounts worth it for someone with a small balance, and do any of them work well for international students / non-citizens?
Budgeting apps: worth it or overkill? What do you actually use and stick with?
Anything I should know about taxes as an F-1 student (tips income, filing, etc.)?
Credit: can international students build credit here, and should I even bother this early?
Any dumb money mistakes you made in college that you’d tell your younger self to avoid?
Not looking to get rich, just want to not be clueless and maybe have a small cushion by the time I graduate. Appreciate any advice.

reddit.com
u/Existing-Narwhal-481 — 2 days ago