How to Make the Most of Your Graduation Money

First—congratulations! You did it! You officially graduated high school, and that’s a huge deal. We’re so proud of you, and we hope you’re proud of yourself, too.

As you celebrate this big milestone, you might find yourself receiving graduation gifts, especially cash. It’s exciting, right? But once the cards are opened and the money’s in your hand, the big question hits: What should I do with it?

Let’s break down a few smart ways to make the most of your graduation money.

1. Start an Emergency Savings Fund

One thing a lot of college students say they wish they had? A savings account for those unexpected life moments. Whether it's a surprise expense at school, a car repair, or needing to buy last-minute supplies, a savings cushion can be a total game-changer. (Here are some of our best tips for building your emergency fund!)

Ask yourself: how much would make you feel secure? There's no perfect number—it depends on your personal situation. Not sure what’s realistic? Talk it through with someone you trust, like a parent, guardian, or a team member at 3Rivers.

2. Put It Toward Tuition or School Supplies

Another smart move: use your grad money to cover school-related expenses. Whether you’re headed to college, trade school, or another program, those costs add up fast.
Your money could help pay for:

• Tuition and fees
• Textbooks and laptops
• Dorm room or apartment essentials
• Clothing and gear for your new campus life

Pro tip: check your school’s list of what freshmen typically need or ask current students what they wish they’d brought their first year.

3. Save for Study Abroad or Travel

Dreaming of studying abroad or planning a grand spring break adventure? Your grad money could help make that happen.

Studying abroad can be life-changing, but it comes with its own set of costs. Talk to your school’s study abroad office or financial aid department for a breakdown of expenses. If it’s a goal for you, consider setting up a separate savings account just for travel. That way, you’ll be ready when the opportunity comes.

4. Your Money, Your Choice

At the end of the day, this is your money. You get to decide what’s most important right now, whether that’s building financial security, investing in your education, or saving for an experience you’ll never forget.

These are just a few ideas based on what past graduates have done. You might have other plans—and that’s totally okay!

We’re always here to help you navigate your finances. Get in touch with our Youth & College Support Team today!