The school year has officially come to an end and it’s important to not only ask graduates what their plans are for their future but how they are going to prepare themselves to handle their finances. As a parent, friend, or teacher of a recent graduate ask yourself, what am I doing to prepare my grad?
There are a few steps that can ensure a great financial plan that could then potentially set them up for years to come.
Open a Checking and Savings Account
One-third of teens do not have a bank account which can discourage them from saving and planning for the future that they aim to create. Opening a bank account comes with perks like online and mobile banking which give you instant, secure access to your accounts. Take a look at our checking and savings options!
Create a Budget
Whether your graduate is attending another educational institution or jumping right into the workforce the idea and implementation of a budget is crucial for future financial success. A budget will hold the spender accountable while also making sure there is enough to spend on other expenses. Personal Finance is our free digital money management tool integrated into online banking and our mobile app. It has customized budgeting features, smart expense tracking and so much more.
Learn from Core Bank
Core Bank is now offering a FREE Financial Literacy Program. In this program, graduates can explore eight financial literacy topics and get comfortable with different banking terms. Start the course NOW and learn the best ways to handle everyday financial events.
These are just a few steps that can help guarantee a successful financial future for your graduate and it’s just the beginning!