Evolve Bank & Trust has included cash graduation gifts in guidance for young adults preparing to study or begin work. The bank’s April 17, 2023 article recommends considering how part of that money could start a savings reserve as graduates take on responsibility for their finances.

The guide acknowledges that graduates may want to spend some of their gifts, while encouraging them to consider the role of savings for unexpected expenses. It applies that discussion both to those going to college and those entering employment.

Evolve also recommends preparing a budget around the money available, whether from work, education funding or family support. The practical aim described in the article is to plan spending before moving into independent living.

Credit cards are a separate focus. The bank advises graduates to review rates, terms and potential late-payment penalties before applying, including when a card is marketed specifically to college students.

The article closes with spending habits, including avoiding impulse purchases and asking for guidance when unsure about a financial decision. Its treatment of graduation gifts is therefore part of general financial education, rather than the introduction of a new gifting or card service.