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10 Financial Steps to Take When Starting Your First Job

10 Financial Steps to Take When Starting Your First Job

First job? Congrats! There’s a lot to think about as a new hire, but it’s the perfect time to set yourself up for financial success. Here are some helpful tips to get organized.

Insurance considerations

  • Find out when health coverage starts and supplement until covered
  • Review life insurance for adequate coverage
  • Review beneficiary designations on insurance policies

Financial considerations

  • Create a monthly budget to reflect changes in income
  • Review current debt obligations
  • Set up direct deposit through your new employer

Long-term financial planning

  • Sign up for retirement plan if available through new employer
  • Explore savings account options

If relocating

  • Determine housing needs
  • Consider new bank accounts with a local bank


Need help planning for your financial future? Speak with your local Wintrust Community Banks banker today.

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