Trump has recently signed off to end Temporary Protected Status (TPS) for thousands of Haitians living in New York, Boston and Florida. The controversial move has shocked many Haitians, especially families with US-born children, but it means many Haitians now face the possibility of deportation in the coming months.
The future for tens of thousands of people is unclear. The TPS that allowed Haitians to live in the US expired Jan. 22, leaving over 58,000 Haitians with news that they need to start preparing to leave the country.
This has resulted in a lot of stress for Haitians who may have to relocate – and when it comes to relocation, research has found that the main mistake that people make is not saving enough before moving. For this reason, here is some financial advice for any Haitians who want to be well-prepared for the coming months.
Create A Budget And Take Advantage Of Reward Programs
The first thing that you should do is create a strict budget that allows you to save a certain amount of money every month, and once you have done this you can start to take advantage of reward programs, including cash back credit cards. Some come with excellent offers that can result in regular cash back – which could be why over 100 million people have credit cards in the US.
For instance, you can find a cash back credit card that gives 1.5 percent cash back no matter how much you spend – and you will get a $150 bonus once you have spent $500! This is ideal if you use the card to pay for items that you were already going to buy, such as a grocery shop or new shoes for work.
Consider Moving fees
Lots of people forget about moving fees when they are working out a budget, but it is important to factor in the cost of transporting you, your family and all of your things to another country so that you don’t get caught short.
Transport to and from the airport can also be very expensive, so it is worth saving up a significant chunk so that you can make the journey smoothly.