If you write a lot of checks, look for an account without this fee. Some banks offer interest-bearing checking accounts with a flat monthly fee in exchange for no minimum balance requirement. These accounts are usually more expensive for the customer. Start saving immediately to have a small nest egg in case of emergency. Save up for major purchases instead of buying them on credit.
Savings accounts earn a higher rate of interest than checking accounts.
Using Credit Wisely Student Loans Begin making payments as soon as your deferment period is up. If you default on your student loans, the government will make your life miserable. Auto Loans Don't buy more car than you can afford. Make sure the monthly payments fit in your budget. New vehicles depreciate significantly in value during the first few months.