With student loans to repay and the cost of living increasing by the day, university-leavers should ensure they are in the best possible financial position, according to independent advice service Moneyfacts.
Once they have secured employment, Moneyfacts recommends that graduates set a budget for themselves and work out how much they can set aside to repay student debts.
Graduates are advised to shop around when looking for new accounts and credit cards and not to be lured by some of the incentives on offer from the main high street banks.
Moneyfacts financial analyst Michelle Slade commented: "Graduates will often remain loyal to their student account provider. However, as long as you have proof of qualification and have managed your account within your agreed overdraft limit, there is no reason why you shouldn't switch to a better deal."
Ms Slade's other top tips include putting money aside for annual bills and avoiding unauthorised overdraft charges.
According to a recent report from the Association of Investment Companies, the average student leaves university with a debt of £13,000.
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