May 14, 2018

ABA: 6 Smart Money Moves for New College Graduates

More than 70 percent of college graduates began their career owing more than $37,000 in student loans in 2017. Considering the additional living expenses they’ll soon face, new college graduates would be wise to focus on their financial future right now, says the American Bankers Association. ABA has highlighted six smart financial decisions college graduates should consider to position themselves for financial success as they embark on their next phase of life.
“The habits new graduates develop right now will have a big effect on their financial future,” said Corey Carlisle, executive director of the ABA Foundation. “Living expenses add up quickly once you’re out on your own, and many young adults who didn’t plan ahead are delaying major milestones like getting married or buying a home because of their financial situation. The good news is that you can have a bright financial future if you think strategically about money right out of the gate.”
ABA recommends the following financial tips for new college graduates:
For more tips and resources on a variety of personal finance topics such as mortgages, credit cards, protecting your identity and saving for college, visit aba.com/Consumers.
Note to Editors: For more information or to interview Corey Carlisle, contact Mike Townsend at 202-663-5471 or mtownsend@aba.com.
About the American Bankers Association
The American Bankers Association is the voice of the nation’s $17 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $13 trillion in deposits and extend nearly $10 trillion in loans.
 
About the ABA Foundation
Through its leadership, partnerships, and national programs, ABA’s Community Engagement Foundation (dba ABA Foundation), a 501(c)3, helps bankers provide financial education to individuals at every age, elevate issues around affordable housing and community development, and achieve corporate social responsibility objectives to improve the well-being of their customers and their communities.
This post was originally published here.