RESOURCE Why Creating a Student Loan Payment Plan is Important, Plus 4 More Money Tips for New Grads 

As each graduating class heads out into the world, they’ll face a variety of financial decisions big and small 一 from renting an apartment to purchasing a new car to opening a checking account. The choices you make right after graduation, like setting up a 401(k) or creating a plan for repaying student loans, can help set you up on a path toward financial success. Your credit score, budgeting skills, and retirement savings will all play a role in when (and whether) you can achieve certain financial milestones, like putting a down payment on a house or fully paying off your student debt. In this article, Select shares five personal finance tips that will help new graduates (or adults of any age) who are learning how to manage their money.