Here are 5 essential financial tips every graduate should know before leaving school — practical, Canadian-focused, and geared toward long-term success:

🎓 1. Credit Scores Matter More Than You Think
Your credit score affects your ability to get a mortgage, rent an apartment, buy a car, or even get hired.

Start by getting a student credit card, using it responsibly, and always paying it off on time.

Monitor your score for free through your bank or apps like Borrowell or Credit Karma.

💳 2. Avoid Lifestyle Inflation
It’s tempting to upgrade your lifestyle with your first “real” paycheck, but avoid overspending.

Stick to a budget and build a cushion before splurging.

Follow the 50/30/20 rule: 50% needs, 30% wants, 20% savings/debt repayment.

💸 3. Student Loans Don’t Disappear
Federal student loans in Canada have a 6-month grace period, but interest starts accruing immediately.

Make a plan to start repaying early if possible to reduce your total cost.

Use government repayment assistance if your income is low after graduation.

🏦 4. Start Saving — Even If It’s Just $25/month
Open a TFSA (Tax-Free Savings Account) or RRSP and start small.

Automatic transfers into savings build great habits and grow over time.

Compound interest is powerful — the earlier you start, the easier it gets.

📚 5. Financial Literacy = Financial Freedom
Learn about investing, budgeting, and taxes — it’s not as scary as it sounds.

Understanding your money = more control over your future.

If you would like to book a free 15 minute call to ensure you get on the right track, contact us and we will get you started.