Class of 2023: Money-Saving Tips for Recent Graduates

Affinity Federal Credit Union presents the Wellbeing And Your Wallet podcast! In this episode, financial wellbeing expert and host Grant Gallagher is joined by very special guest Madison Friedman, a Berkeley College undergrad.

The beginning of their discussion is centered around money-saving tips for recent graduates. Madison shares insight into her spending habits from when she was a teenager in high school to now. Then, Grant and Madison both share how their savings habits have changed and the goals they are working towards. Following the initial discussion, Grant and Madison discuss and share strategies for recent graduates transitioning into college or their post-graduate careers.

Additional topics include:

• The importance of pursuing scholarships and grants to help pay for school and what to consider when taking out student loans
• Financial tips for living on your own for the first time
• The importance of saving for long-term financial goals and building an emergency fund

Grant and Madison also take a question from the member mailbag: I am on track to attend my dream university, but I’m worried about the total cost to attend. My financial aid doesn’t cover the full balance of tuition, and my parents aren’t in a place to help me cover the rest. Where can I turn to help pay for school? I am worried I won’t be able to pay off high-interest loans after college and it's causing a lot of stress.

Finally, Grant concludes the discussion by highlighting Affinity’s award-winning SmartStart Savings account! Whether you’re saving for a down payment, dream vacation, or rainy day, Affinity is here to help you earn more toward your financial goals with their high-yield SmartStart Savings account.

Just a reminder if you have a question or comment for a future Member Mailbag segment, please send it to @affinityfcu on Facebook or Twitter with #MemberMailbag.

Rate, like, and subscribe for more from the Wellbeing and Your Wallet podcast. Visit www.affinityfcu.com for additional information about financial wellbeing and Affinity products.

Thanks for listening and be well.