Financial Tips for Graduating High School Seniors

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Financial Tips for Graduating High School Seniors

Posted On: May 8, 2019 by Time Federal Savings Bank in: Bank, Credit, General, Saving

High School graduation day is something you look forward to your entire adolescent life. Everything you think about is prefaced by, “When I get out of high school…” Yet, as a graduating senior are you really ready? Whether entering into the work force or moving off to a university or staying home for local college credits, the sooner you understand your finances, the better. Here are a few tips to ease your way into adulthood. Balance Your Checkbook: This is easy to do with digital banking and a good way to know exactly what you have in your checking account. The balance on an ATM receipt may not reflect all transactions clearing that day or any outstanding payments. Balancing your checkbook will also help you avoid overdraft fees and make it easier to track your spending. Make and Follow a Budget: Since you will already be tracking spending through your checkbook, make a budget that allows for monthly payments, everyday expenses, and savings deposits. There are...