Financial Pointers for New Graduates Whether you are graduating from high school or college, having a good knowledge of finances can help you make that transition to life in the real world a little easier. We’ve compiled a list of helpful financial pointers for new graduates to follow that will hopefully alleviate some of the stresses of continuing life after high school or college. Have an emergency fund. There are many things in life that can happen unexpectedly. Radiator goes out on your car, you accidentally go over on your phones data plan, or the water heater decides to call it quits. These expenses sometimes happen all too often so it’s always a good idea to put some money away just in case. Establish credit if you haven’t already done so. Starting the process of establishing credit is something that is very important but should not be taken lightly. Signing up for a credit card and making sure your bills are paid on-time are big steps to helping establish credit, and good credit at that. If you do decide to sign up for a credit card, make sure you have reviewed all the terms on the card and to not charge something unless you know you’ll be able to pay it off. Making sure your bills are paid on-time and credit card balances are paid off ASAP will really help your credit situation and set you up for success in the future. Only borrow what you need for student loans. Many new high school graduates are looking to further their education at some sort of college or trade school and will have to figure out how to pay for that education. Student loans are a popular option. Remember to only take out what you will need for your schooling. Taking out additional money will only increase the debt you’ll have to pay off once your schooling is complete. Research and sign up for health insurance. Having health insurance is another important step to take when venturing out on your own. If you’re not currently covered under your parents plan then it’s time to look at getting covered. Health insurance plans can be expensive but not having it can be way more costly. Take the time to research what’s out there and get yourself covered.