Research Guides: Guide for International Students: Money

Money

Tipping is expected in many service industries in the U.S. and is not included in the listed prices. Here are some guidelines:
- Restaurants: Tip between 15%–20% of the total bill. Higher tips are appreciated for excellent service.
- Bars: Tip $1–$2 per drink.
- Taxis and Rideshare (Uber/Lyft): Tip 10%–15% of the fare.
- Delivery: Tip $3–$5 or 10%–15% of the total.
- Hotel Staff: Tip housekeepers $2–$5 per night, and bellhops $1–$2 per bag.
- Hairdressers/Barbers: Tip 15%–20% of the service cost.
Cash Tips: It's customary to leave tips in cash unless tipping through an app or card is available.

Opening a Bank Account: It’s essential to open a U.S. bank account to manage your finances efficiently. You can choose between:
- Checking Accounts: For everyday transactions like paying bills, shopping, or withdrawing cash.
- Savings Accounts: For saving money and earning interest.
To open an account, you’ll typically need:
- Passport and Visa (F-1 or J-1)
- Proof of U.S. address (lease, utility bill, etc.)
- Student ID or proof of enrollment
- Social Security Number (SSN) or an Individual Taxpayer Identification Number (ITIN) if required

The United States is a consumption culture, and many Americans use to debt to keep up their lifestyle.
To avoid living beyond your means, try creating a budget to help control spending.
Popular free budgeting apps include YNAB (You Need a Budget), Mint, and HoneyDue.