- Get Insurance Coverage. Check to see when you are no longer eligible for coverage under your parent’s health or auto insurance. Conduct extensive research to determine the best plan for you based on your current needs and sign up for the plan that’s right for you. If you’re employed, make sure to check out your company’s insurance options and talk to your HR resource for personalized guidance. If you are renting an apartment or own your own home, make sure that you have renters or homeowners insurance as well.
- Invest In Your Future.
Even though you are just starting out, now is the time to plan for the future. Though investing can be confusing and a bit overwhelming, there are ways to streamline the process and make it easier. To get the process started, have your employer set up investment funds to come directly out of your paycheck and into an employee-sponsored retirement plan, IRA or savings account.
It is important that you start investing immediately, even if it’s only a small amount. Speak with financial advisors who have specific knowledge and expertise in working with recent college grads. They will be able to make sound recommendations about how much to save and what types of accounts to invest in (such as IRA, Roth IRA, 401k).
- Monitor Your Credit. Make sure that you’re continually monitoring your credit and making sound financial choices that will prepare you for when the time comes to purchase a car or home. Credit Concierge is a free credit monitoring service that allows users to track and monitor their credit profile. The service is 100% free, with no hidden costs or credit card needed to sign up.