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8 Financial Tips For High School Seniors

The real world is fast approaching for high school seniors! If you know one of the millions headed off to college this coming year, then share these 8 financial tips for high school seniors! Students will be juggling a lot when school starts, so now is the time to talk about personal finances. College is expensive without the added stress of poor spending habits. Some of the tips are applicable to everyone, no matter what your age. Enjoy!

1. Open A Bank Account


This is a great first step in activating your financial freedom as an incoming college student. Having a checking and savings account allows for you to keep track of your money and gives your family the ability to quickly send you funds if needed. Have a debit card that is accepted everywhere, so you can make necessary purchases and obtain money when you need it.

Financial Tips for High School Seniors - Open a Bank Account - Launch Credit Union

2. Start Saving Now

Financial Tips for High School Seniors - Start Saving Money Now - Launch Credit Union

Summer jobs are a great way to earn extra cash before heading to college. Remember, set aside some of your earnings for the upcoming year. This extra cash comes in handy for textbooks and food outside of your dining plan. Check out our tips on how to save during the summer.

3. Learn About Your Credit Score

College is a great time to begin building your credit. It’s also a time where you will start receiving a lot of communication about loans, credit cards, etc. so, choose wisely.
Take the time to learn what your credit score says about you and ways you can increase it during college. A few suggestions:
  • Don’t apply for multiple credit cards
  • Become an authorized user on your parents’ account
  • Make small purchases on a credit card and pay them off monthly.


Financial Tips for High School Seniors - Learning About Your Credit Score - Launch Credit Union

4. Start a Budget

Financial Tips for High School Seniors - Start Budgeting - Launch Credit Union

If you’ve never followed a budget then now is the time to do so. You’ll have enough on your plate with classes, extracurricular activities, study groups, etc. Don’t put an extra load on your shoulders worrying about money. Write down all your expenses and all your income. Divvy up what money you need for bills, textbooks, events, etc. and then choose what to do with leftover funds.

5. Review Financial Aid

Visit the FAFSA website and review your Student Aid Report. Make sure all the information is correct and current. If you received more loans than you need you may want to look at declining some of the loans. Once school is over, you’ll pay these back + interest so make sure you only take what you need.


Financial Tips for High School Seniors - Review Financial Aid - Launch Credit Union

6. Look For Student Discounts

Financial Tips for High School Seniors - Look for Student Discount - Launch Credit Union

Hundreds of companies offer student discounts on their products so don’t miss out! Apple offers a new student 15% discount every year. Another great one is Amazon’s 50% discount for prime services. This site offers a great list of different student discounts.

7. Avoid Brand New Text Books

College textbooks can be extremely expensive and add up very fast. If you can, buy a used version. Look for a book exchange near your school that offers used textbooks for a discounted rate. Also, check the school’s library to see if they have the book available. Search for the “e-book” version or split the cost with a classmate.

Financial Tips for High School Seniors - Avoid Brand New Textbooks - Launch Credit Union

8. Protect Your Identity

Financial Tips for High School Seniors - Protect Your Identity - Launch Credit Union

This is a huge one. Enrolling in college means you’ll provide the school with personal information for tuition and housing purposes. Always verify who the information is being sent to. Double check the email address or website link you’re using to send your information. For more information about identity theft click HERE.


If you know you’ll be paying for college with student loans, Launch CU has you covered. We’ve teamed up with LendKey* to offer you low-rate private student loans. A private student loan from Launch Credit Union can help pay for your educational expenses not covered by financial aid, including tuition, room and board, books, and other school related expenses. It’s easy and free to apply!

We know the future can be intimidating, and it’s easy to get stressed out when it comes to financial decisions. Launch Credit Union is here to help. We hope these 8 financial tips for high school seniors are a great start to achieving financial success in the upcoming school year.

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