Smart Cents

Graduation is an exciting milestone, and with it comes a new level of financial independence and responsibility. Whether you’re finishing high school or starting your first job after college, one of the smartest first steps you can take is setting up a basic budget. Start by tracking your income and regular expenses—like rent, groceries, transportation, and any loans including student loans. Budgeting apps or even a simple spreadsheet can help you stay organized, avoid overspending, and still leave room for fun. Make it a habit to pay your bills first to avoid late fees and stress down the road. And don’t forget to build up an emergency fund—putting away a little each month can really come in handy for unexpected costs or big life moments.

Beyond budgeting, now’s a great time to start building smart money habits that’ll set you up for long-term success. Keep an eye on your credit score, work on paying down any debt, set realistic savings goals, and check in on your budget a few times a year to adjust as life changes. Opening a checking and savings account that fits your lifestyle can make managing your money easier—most come with online and mobile banking so you can access your accounts anytime. There are even accounts made specifically for students or options that offer extra perks, security, and low fees.

Don’t forget, financial wellness is a lifelong journey. The more you learn now, the more confident you’ll feel about your financial future. If you’ve got questions or need help, reach out to your bank! Community banks often offer in-branch support, website chat features, or even video calls with a banker to make getting answers super easy. Local bankers aren’t just financial professionals—they’re your neighbors, and they genuinely care about helping you succeed. Because they live and work in your community, they understand your unique needs and challenges. Whether you're opening your first account, purchasing your first car, navigating student loans, or planning for future goals, they’ll take the time to offer personalized advice and guidance you can trust.

Looking for more financial tips for graduates? Check out the American Bankers Association® resources.