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Getting Started

Financial advice for young adults entering the work force

Laying the right foundation as you start your career is the key to future financial success, and at this lifestage, TIME is your greatest asset.  Consider that each dollar you save in your 20s can be worth ten times as much as one saved in your 40s. Through the magical power of compounding, the beginning of your working life is the prime time to start saving towards retirementóeven though many people donít want to think about, or worse yet, act on this principle.
 

Accounts for You!

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Services for you!

 

Tools to help you save and plan for your future.

Our calculators can help you get the information you need to meet your needs.

 

Tips for Effective Financial Management:

  • Pay off your credit card debt.  It is senseless to pay 13 Ė 20 percent interest on credit card payments while your savings accounts earn one or two percent.
  • If you cannot pay off your credit card debt, pay more than the minimum payment each month which in some cases will only cover the interest charges.
  • Donít  worry  too much about paying off student loans early.  These normally have a much lower interest rate than credit cards.  By making low payments on student loans, youíll have more money to reduce high-interest credit card debt.

For help determining the best accounts and products for sound and productive money management during your Getting Started  Lifestage,  please contact us at 276 963-0836 or lifestages@firstsentinelbank.com.