In observance of Juneteenth, all BankGloucester branches will be closed on Friday, June 19. Online banking and ATMs are available 24/7.
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PARKING LOT CLOSURE ALERT:
The lot at our Gloucester branch will be closed for resurfacing from:
Saturday, June 20, 1 PM – Monday, June 22, 7:30 AM.
ATM access is available thru the Main Street entrance.
For many families, summer is a time to celebrate graduations and look ahead to exciting new beginnings. As students prepare to head off to college this fall, now is also the perfect time to focus on financial readiness.
Whether you’re a parent helping your student prepare or a recent graduate getting ready for campus life, taking a few simple financial steps now can help create a smoother transition in the months ahead.
College expenses extend far beyond tuition. Books, transportation, dining, supplies, and entertainment can all add up quickly.
Before the semester begins, sit down and estimate monthly expenses. Having a basic budget in place can help students make informed spending decisions and avoid financial surprises.
Unexpected expenses are part of life, especially during college. A car repair, medical expense, or last-minute travel need can quickly strain finances.
Setting aside even a small amount in a dedicated savings account can provide peace of mind and help students avoid relying on credit cards when emergencies arise.
Having easy access to funds is essential for students living away from home. Make sure checking and savings accounts meet your student needs and offer convenient digital banking tools for managing money on the go.
College students are frequently targeted by scammers through emails, texts, phone calls, and social media.
Be cautious of anyone requesting personal or account information, passwords, or payments. If something seems suspicious, verify the request through a trusted source before taking action.
College is often the first opportunity for students to manage money independently. Learning how to save regularly, track spending, and use credit responsibly can create a foundation for long-term financial success.
Small habits developed today can make a big difference tomorrow.
Preparing for college involves more than packing boxes and registering for classes. Taking time to build a financial plan can help students feel more confident and prepared as they begin this exciting chapter.
At BankGloucester, we’re committed to helping individuals and families build strong financial futures through every stage of life.
Explore our personal banking solutions and resources designed to support your financial journey here.
Better Business Bureau: Financial tips for college students and their parents
Better Business Bureau: 6 scams for college students to avoid
Better Business Bureau: Scam Tracker
MassBankers: Financial Resources