Kicking Off Your Career on the Right Financial Foot

April 01, 2019

If you’re graduating this spring, congratulations! Your hard work is about to pay off as you enter the working world. It’s never too early to establish some important financial goals and determine how to reach them. Your financial advisor can help you with the following.

Start with the Basics

  • Set up a payment plan for any student loans you may have.
  • Purchase renters or homeowners insurance.
  • Create a budget for everyday or recurring expenses.
  • Build an emergency fund of three to six months’ worth of income.

Establish a Financial Foundation

  • Make a list of everything you own and everything you owe. This shows your net worth.
  • Be specific with what you want to achieve, when you want to achieve it, how much it will cost and how much you’ll set aside each month.
  • Participate in your employer’s retirement plan – such as a 401(k) or 403(b) plan – to earn at least an employer match, if applicable.
  • Start contributing to an IRA (Individual Retirement Account).
  • If you’ve already established credit, obtain a copy of your credit report to ensure it’s accurate.

Prepare for the Unexpected

  • Be specific with what you want to achieve, when you want to achieve it, how much it will cost and how much you’ll set aside each month.
  • Participate in your employer’s retirement plan – such as a 401(k) or 403(b) plan – to earn at least an employer match, if applicable.
  • Start contributing to an IRA (Individual Retirement Account).
  • If you’ve already established credit, obtain a copy of your credit report to ensure it’s accurate.

How Edward Jones Can Help

This is an exciting time in your life, and your financial advisor is here to help. He or she can help you build a personalized strategy to achieve your goals.

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