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Finally got your first job? Do's and Don'ts to a successful financial future

  • 18-24: Young Adults
  • May 2024
  • Premier America

Congratulations – if you are here, it is because your job hunt was successful! So, what’s next? Orientation and a series of financial decisions that can be stressful. From deciding insurance coverages, to retirement contributions, and all in between. As you embark on this exciting phase of your life, keep these essential tips in mind to ensure a healthy financial future:


  • Choose the Right Checking Account: Make sure your bank doesn't charge you monthly fees for your checking account. Consider Premier America's Smart Spending Checking for a fee-free option that keeps your money accessible without unnecessary charges. 
  • Save for Retirement Early: If your employer offers a retirement plan like a 401(k), 403(b), or 457, try to contribute enough to get any employer match. This is free money and a part of your compensation package! 
  • Seek Professional Advice: Schedule a meeting with a financial professional to discuss your financial goals and make sure you’re on the right track. This can help you make informed decisions early on.
  • Budget Wisely: Develop the habit of budgeting each month. Tracking your income and expenses will help you manage your money more effectively and prevent financial stress.


  • Misuse Credit Cards: Avoid using credit cards for non-essential purchases or "wants." This can lead to high-interest debt that is hard to manage. Use credit wisely to build a positive credit history. 
  • Procrastinate on Taxes: Don't wait until the last minute to file your taxes. Consider using services like VITA (Volunteer Income Tax Assistance) to file for free if you qualify, which can save you money and stress. 
  • Pay Unnecessary Fees: Watch out for fees related to financial services and products. Always look for cost-effective alternatives that do not compromise service quality. 
  • Ignore Financial Statements: Regularly check your bank or credit union statements. This helps you catch any discrepancies early and keeps you informed about your financial status.

Your first job is more than just a paycheck; it's the foundation of your financial independence. By following these do's and don'ts, you can avoid common pitfalls and build a robust financial future. Remember, the decisions you make today will influence your financial well-being tomorrow. So, take charge, make informed choices, and set the stage for a lifetime of financial success! 

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