Financial advice for new grads
Save, spend and still have fun after graduation
Congratulations, new grad! Welcome to the professional world. Whether you're graduating from high school or college, it's an exciting change. It's a time of planning for the future, new jobs and new places to live. Here are some tips to help you prepare for life after graduation.
Your own place.How much cash do you need up front to rent an apartment? First month's rent, last month's rent and/or a security deposit are all possibilities. Looking for a place that has utilities included or getting a roommate can help you save.
What to wear.Depending on the job you have or are seeking, you may need new clothes. Save by selecting clothes that easily mix and match, or shop for gently-used clothes at a consignment store.
New car! (or new to you)If you have a commute, but no public transportation, you'll need a reliable vehicle. Make sure substance outweighs the flash and don't rule out used or leased cars.
Loans, loans, loans.When it comes to repaying your federal student loan, know the details: when repayment starts, payment options, what to do if you have trouble making payments and more.1 Also keep in mind that grace periods differ for federal and private loans, and if you have more than one student loan you can research consolidation.
Give yourself a little credit.Consider opening a credit card to build positive credit history. Use the card for small purchases and pay it off in full every month - don't buy more now than you can afford later. Compare our cards to see if one is right for you
Create a budget.Don't forget to factor in utilities, groceries, medical insurance and retirement savings/ 401(k). Take a little money from each paycheck and build a safety net in case you need emergency funds. And lastly, make sure there's a little wiggle room for some fun!
Boost your Financial IQ
Saving for Yourself and Others
It Pays to Save
Improve Your Financial Fitness
Charitable Holiday Giving
Building a Good Credit Score
Green Your Lifestyle
Save on School Supplies
Achieve Financial Independence
Enjoy a SAVE-cation – Time away without breaking the bank
Managing Your Identity – Protecting Against Identity Theft
There's no place like home...but should you rent or own?
Empowering Our Kids Today and Tomorrow: The ABCs of Money Management