First Federal Savings Bank and ICBA Offer Tips for Graduates to Secure Their Financial Future
08 Mayo 2024 - 8:00AM
As students prepare to transition into the workforce, First Federal
Savings Bank, and the Independent Community Bankers of America
(ICBA), are providing tips to put them on the path to a prosperous
financial future.
“Transitioning to the workforce can be
challenging for new graduates as they take greater control of their
finances in today’s economic climate,” said Courtney Schmitt, VP.
Marketing Manager at First Federal Savings Bank. “As your trusted
financial advisor, First Federal Savings Bank can help you take
stock of your financial situation and create a blueprint based on
your unique circumstances and life goals to help you establish
financial independence.”
First Federal Savings Bank and ICBA offer the
following tips to help graduates create a financial gameplan during
their wealth-building years to set them up for success through
their major financial lifecycle events:
-
Start a budget. Learn about our online services
designed to track and manage your finances.
- Pay
off student loans. Ask about programs to help pay off
student debt faster when negotiating benefits with prospective
employers.
- Plan
for retirement. Allocate a portion of each paycheck for
savings and take advantage of employers 401(k) plans and any
matching contributions offered.
-
Spend responsibly. Comparison shop before making
major purchases and stay within budget to avoid jeopardizing your
financial goals.
-
Establish an emergency fund to cover unexpected
events. A good goal is three to six months of net pay. Start small
or with a lump sum and build from there.
“It’s never too early to take stock of your
financial situation, develop and maintain good financial habits,
and create a framework to help meet your financial goals and
prepare for unexpected life occurrences,” said ICBA President and
CEO Rebeca Romero Rainey. “Reach out to your local community banker
to create an action plan to put your finances to work to help
ensure your prosperous financial future.”
About First Federal Savings
BankFirst Federal Savings Bank was established on
Evansville, Indiana's Westside in 1904. A community bank offering
eight locations in Posey, Vanderburgh, Warrick, and Henderson
County. First Federal Savings Bank is also proud to offer Home
Building Savings Bank locations in Daviess and Pike County.
About ICBAThe Independent
Community Bankers of America® has one mission: to create and
promote an environment where community banks flourish. We power the
potential of the nation’s community banks through effective
advocacy, education, and innovation.
As local and trusted sources of credit, America’s
community banks leverage their relationship-based business model
and innovative offerings to channel deposits into the neighborhoods
they serve, creating jobs, fostering economic prosperity, and
fueling their customers’ financial goals and dreams. For more
information, visit ICBA’s website at icba.org.
Media Contacts
Courtney Schmitt
cschmitt@fbei.net
(812) 492-8295