First American Blog

High school seniors may be looking at graduation gifts as an opportunity to build up college reserves.

Published: May 13, 2016
High school seniors may be looking at graduation gifts as an opportunity to build up college reserves.

If you are like most students, there simply is not enough savings and/or scholarships to cover all of the expenses of a college education.  Graduates will most likely consider using graduation gifts on smaller items, like dorm room expenses or building a supply fund.  Perhaps you would like to put that chunk of money towards your tuition.  With college being one of the biggest (and best) investments one can make, ensuring that you make the most of every dollar is important. 

However you choose to spend your graduation dollars, First American Member Relations Representatives are always available to help you maximize your money.  By switching your regular checking to a high interest paying account like REWARD Checking  or REAL Saver , the high interest REWARDS and ATM Fee refunds that you earn monthly automatically sweep in to your savings account, which helps you save - effortlessly. 

Managing your spending habits is also key to making the most of every dollar.  Setting up a weekly or monthly budget will help you keep track of incoming and outgoing expenses so that you do not over spend.  There are many tools available, for example downloading a budget template or a budgeting app for your phone or tablet.  With mobile banking, you can check your balance and review your transactions wherever and whenever you may go.

Wherever life’s adventure takes you, remember First American is here to help you maximize your money.