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How To Accumulate Wealth Like A Responsible Adult

Fresh out of college, are ya? Well, the graduation ceremony is now just a memory (you looked great in that cap and gown!). The congratulatory emails, notes, and texts have stopped coming in, and suddenly you realize that rather than focusing on how to balance school and parties, you need to focus on your bank account balance instead. Goodbye partying, hello adulting.

According to, the average student loan burden comes in at around $37,172, and the average monthly student loan bill is a whopping $393 per month. But if you set your mind to making a savings plan right out of the gate after college, you’ll stand a good chance of creating a positive financial future. Here are some money-savvy moves that could pave the way for great dividends down the road.

Photo: Jacob

Focus on your student loan debt

Photo: Airman Luis Loza Gutierrez

Check your credit report

As soon as you graduate, check your credit score health. A poor credit score can impact your ability to obtain certain employment, successfully lease an apartment, or secure a loan. Obtain a free copy of your credit score at By paying bills on time and managing debt correctly, you can start building a credit score that will help you get better loans and credit card terms moving forward.

Maintain the right mindset on savings and debt

Living for the moment can cost you over time. Keep in mind that savings should be a long-term habit and debt should be a short-term situation. Try to consistently eliminate debt in chunks, which might require putting the brakes on some immediate desires, like stopping for that Nitro Cold Brew with Salted Cream Cold Foam every morning. 

Photo: Shutterstock/Andrey_Popov

Build wealth, dollar by dollar

Patrick Ford, director of wealth management at Brown Wealth Management in San Diego, California, advises signing up for automatic retirement savings at work right away. You won’t miss the money if you don’t see it hit your paycheck in the first place, and you won’t need to remember to save each month for your retirement. Yes, retirement may be a long way off, but that’s all the more reason to start saving as soon as possible, because you’ll have more time to accumulate wealth.

Give yourself a financial checkup

Checking on your financial health can be just as important as checking on your physical, mental, and emotional health. Understanding and empowering yourself financially can lead to freedom, flexibility, and peace of mind in the future, as well as a sound, long-term financial plan that won’t be such a hard pill to swallow.