Congratulations! College graduation is a big milestone. Now that you’ve packed the cap and gown, it’s time to ask yourself: What’s next?
Whether you’re diving into a new job, applying to grad school, seeing the world, or still figuring things out, now is the perfect time to start building strong financial habits that will serve you for years to come.
Here are a few smart steps to take as you start your post-grad life.
Understand how credit impacts your life (even when you’re not borrowing)
Your credit score doesn’t just matter when applying for a credit card. It affects many aspects of your post-college life.
- Approval for an apartment lease
- Landing a job (some employers check credit for certain roles)
- Qualifying for lower car insurance premiums
- Securing the best rates on future loans or refinancing
Building credit now gives you more freedom and flexibility later on. We offer many card options to fit both your spending habits and life goals.
And when it comes to tracking your credit, our members have access to tools like Credit Score, which provides real-time updates, personalized tips, and credit monitoring. Log into your account to start.
Start budgeting for student loans payments
Most federal student loans come with a six-month grace period until you must start paying them back. That time goes fast. Before payments begin, take stock of your financial situation.
- How much money do you owe in total loans?
- What will your payments be?
- What repayment options are available based on your income?
- How will future payments affect your monthly budget?
- Can I save money by consolidating and refinancing my loans?
If you can swing it, even small early payments can chip away interest and help you feel more in control. Use budgeting tools or a simple spreadsheet to map out your monthly expenses and set realistic savings goals.
Weigh the pros and cons of moving home vs. moving out
When it comes to housing, there is no one one-size-fits-all answer. Consider your goals, current situation, and what option makes the most sense for you.
Moving home can give you the chance to save money while paying down debt or building up savings. Just be sure to set clear expectations with family about your timeline and responsibilities.
Getting your own place means more independence, but it also means budgeting for rent, utilities, groceries, and renter’s insurance. If you’re planning to move out, make sure to factor in upfront costs like deposits and first month’s rent. Consider setting up automatic savings to stay on track.
Start creating healthy money habits
This is the time to lay the foundation for your financial future. Creating these habits now will support your current and future goals. A few intentional choices now can give you control of your finances, reduce stress, and help build your savings.
Start with consistent saving
Even if your post-grad budget is tight, setting aside a small amount can make a real difference. Try scheduling automatic transfers to a savings account each payday. Just $25 every two weeks adds up to $650 in a year.
Prepare for the unexpected
An emergency fund acts as a financial safety net for those “just in case” moments, whether it’s a car repair or an unexpected medical bill. While many experts suggest saving three-to-six months of living expenses, set reasonable goals based on what your finances allow.
Keep an eye on your spending
With monthly bills, streaming services, and daily expenses, it’s easy for spending to slip under the radar. Use a budgeting app, online tool, or spreadsheet to see where your money is going and spot areas where you can make adjustments if needed.
You’ve got this and we have your back
Life after college can feel overwhelming, but you don’t have to navigate it alone. We offer the tools, guidance, and financial products to help you thrive, whether you’re starting your first job, building credit, or setting big goals for the future.
