4 American Money Rules That Shocked Tan France Upon His Move to the US
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- Tan France, host of “Queer Eye”, said he noticed four key differences between Americans and Brits in terms of money.
- He doesn’t get why Americans need to file their taxes or use credit so much.
- France is also dissatisfied with the US healthcare systems.
Tan France’s memoir, “Naturally Tan“” is an unexpected, but refreshing source of personal financial advice and information.
The “Queer Eye” host wrote that he was raised in a conservative Pakistani family with his parents who taught him to be a good citizen. avoid using credit cardsAt all costs. Later in life he married his husband, RobHe grew up in a Mormon family that valued modest money and practicality.
He advises readers to save a small portion of their paycheckNo matter what happens. France also claims that there is no fashion “investment piece”, and that he regrets the amount he spent on certain fashion trends when younger.
France, who moved to the US to be with his husband Rob, also writes about the American money norms that gave him pause when he landed across the pond — and how he adopted some and not others.
1. People drive bigger, more expensive cars
France writes in the book that she didn’t understand why a car could fit 75 people when she first moved to France. I was blown away by the number of huge SUVs in this country. He was also puzzled by the way Americans judge each other based on the type of car they drive and how old it is.
Reminiscing on his London days, he says, “Back home if you have car that’s 5-10 years old, it’s considered a relatively new car and that’s a good thing.” However, he observed that Americans tend to associate high-end cars with success, and therefore self-worth.
He continues, “As I’m stating this, I am currently purchasing an SUV.” I’m now an American and I want a big car.
2. Americans use so much credit
France’s parents taught him to not spend money he didn’t earn growing up. He claims it’s the one money lesson he learned right through his life and would do it again. Americans have a different relationship than Americans with credit.
France writes: “On the whole, if money is available in America, it’s possible to buy stuff.” You can also buy stuff if you don’t have any money in America.
France said that he couldn’t understand why Americans were so fond of American car culture. take out loansIt is tempting to buy expensive new cars, especially if the older models still work.
3. Filing taxes
France is baffled by the American government’s belief that people can file their taxes themselves.
He wrote, “It seems strange to leave taxes in people’s hands.” It’s extremely complicated. You can make mistakes and they will be all over your head like mad. It seemed like a topic that should be taught in school, since it’s something that everyone has to know. But it’s not. You just need to figure it.”
According to the Low Income Tax Reform GroupPeople with a standard 9-5 job in the UK don’t need to file any tax returns because their employers deduct their tax payments from their salaries.
4. Deductibles for health insurance
France openly criticizes the book American health insurance system. He wrote, “There are so much problems with your system. You end up paying for your treatment and your drugs And insurance. It doesn’t make sense. It’s expensive, but the biggest problem is that you must pay a deductible. I’ve never heard the term deductible in my home country.
Rob and he find it frustrating that Americans have to pay thousands of extra dollars for medical care. France was a entrepreneur looking for independent insurance. France was unable to afford more than $1,000 per monthly, and he also had to pay a deductible.
France writes, “It’s a best con, it’s perfectly legal.”
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