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As you get settled, ask your employer about how to set up direct deposit for your paychecks. This is a usually painless process, but sometimes requires a voided check from your bank, or your routing and account numbers. Also familiarize yourself with how to write a check and balance your checkbook.
Be aware of how much you have in student loan debt (or other types of debt), and create a plan for repayment. Consolidation is always a good idea to consider after you graduate from college. This allows you to combine your loans under a lower interest rate, leading to lower payment totals over time.
It’s also important to understand your credit score and how to build your credit. Credit scores are used in a variety of ways; landlords use them on your rental application, they are used for car loans and mortgages, and beyond. You can check your credit score in a variety of apps, like Credit Karma. Credit Karma will also send you automatic updates about changes in your score, and will recommend cards to which you should apply based on your score and likelihood of approval.
If you’re moving to a new location, you should submit a change of address. You can do this online with the United States Postal Service, but please note that it usually costs $1 and may take some time to process.
Whether you’re just looking for a place to stay during a summer internship, or you’re graduating and moving out for good, you’ll need a roof over your head. Take a look at these housing resources to get started on your apartment or home search.
We’ve already gone through making a budget, but now is the time to stick to it. A good practice to use is to set up automatic transfers on payday to move 10-20% of your paycheck to a savings or secondary checking account. Include this figure in your budget, and watch your emergency or rainy-day money grow.
Remeber that A&S Career Development is here to help you with your early career, up to five years after you graduate. Please always feel free to contact us to discuss your continuing job search and transitions between fields.