Tools for Success

Budgeting for the fall (and beyond)

Coast Capital Savings


Focus: Budgeting and Savings tips

You’ve hung up your graduation cap and gown, and for once, the end of summer doesn’t mean back to school, but rather the start of “adult life.” This transition doesn’t have to include financial woes – with some planning they could be a blip on your radar giving you time to get to what really matters.

Coast Capital Savings wants the transition to be a smooth one, and have compiled a few tips to help you save for the upcoming year.

Budget, scrimp and budget

  • The transition from being a student may not translate into fun, but there are ways to make the most of your dollar. Shop around for a roommate for example – that’ll help cut down living expenses.
  • Be honest with your needs, not your wants – keep to what you planned and don’t spend every dollar you earn.

Look to the future – save what you can

  • This isn’t just for a rainy day, having a savings account means setting yourself up to reach future financial goals.  
  • Dedicate a portion of your pay cheque to your savings, even the smallest amounts each month start to build quickly.

Loans and debt and cards, oh my!

  • Never spend more than you can pay off.  Minimize your debt throughout the year - your future you will thank you for it.
  • Credit cards are a great way to build credit for the future, but be careful with what you charge to your card. Look for cards with a lower interest rate.

With a promise to build a richer future for youth in our communities, Coast Capital Savings is a regular contributor to InTouch e-News, and active supporter of Kwantlen Polytechnic University’s work to provide young people with vital educational and career skills to become successful leaders and contributors to society.