Finally — the studying, the exams, the footnoted research papers are behind you. You’ve completed those last needed academic credits. And now you’re a college graduate. A mature. On your own. Paying rent, covering utility costs, paying off school loans, moving through the maze of insurance needs. Scared yet? Nearly all post grads are up against these financial pressures and a lot more. It IS scary, especially when you’re still on the bottom rungs at work or, worse, still trying to find a full time job. But you will find things you can do to acquire on track and stay on track and also begin planning and saving (! ) for the future. Keep calm, and browse on for the most sound advice on how recent graduates can get on the top and stay on top of their finances.
, Budget!Budget and Budget
We’ve all heard it — from employers, teachers and parents friends: “you’ve got to possess a budget! ” But no matter how much the newly graduated may resist, specially when you feel you might have almost absolutely nothing to budget, it is true. Admittedly, it is really not very much fun. But when you produce a basic spreadsheet of monthly costs, and you see in black and white that there’s more money heading out than coming in, it’s pretty clear that something must give.
So, you dine out less and eat in — actually figure out how to cook. That coat can last another season. Those new boots no longer really are a must-have but something you hope you might receive like a holiday or birthday gift. You no longer offer to pick up the tab at lunch or buy a friend a beer. You even give up the daily latte and figure out how to come up with a pot of coffee. The vacation to a exotic destination will have to wait another year. But you don’t have to despair. It’s not all the Raman noodles and an austerity program. Take pride in your newfound financial independence, and the new set of skills you’re developing as you find creative strategies to save. The very next time your friends attempt to drag you for a night on the town, invite them over for a home cooked meal instead.
Be A Conscious Commuter
One of the easiest ways to save money is commuting contentiously. If you inside the suburbs, consider carpooling by using a neighbor or nearby coworker. Take the train or bus to work to slice out fuel costs all together if you are lucky enough to live in a major city with a reliable public transportation system. That said, you don’t need to rely on public transit for the next decade. Consider investing in a used car and, even smarter, one that’s not a gas hog. One that is inexpensive to keep and that reduces your environmental footprint. An ideal example may be the Fiat 500 from www.ocfiat.com. This sweet driving, super cute compact car can be bought for under $15,000 at http://www.ocfiat.com, making it an incredibly smart and financially feasible investment.