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Life Adjustments for Recent Grads: Living on an Entry Level Salary during Recession

ningcontent Avatarningcontent
January 27, 2011


In the light of the recession, recent grads with entry level salaries are experiencing hard hits. Their salaries barely pay the bills, gas prices continue to rise, and employers are struggling to keep them with other employment perks. In reality, the grad can make life adjustments to suit the recession by making the choice to change.
Cut Excessive Spending
If you party every week, the money adds up at the end of the month. Smart grads budget their income by identifying needs and wants. Do you want to spend your last dollar out with your friends? Is it worth it if your phone bill is due Tuesday morning? This recession is nothing to fear, but you have to know your way around the system. Your entry level salary should be used to keep your life in order so think of the consequences from excessive spending on the weekends.
Get A Part-Time Job
Need an additional stream of income? Get a part-time job for the weekends or after hours of your workday. Recent grads with one full-time job and part-time job have extra responsibilities, but earn additional money to pay their bills on time. Do not overwork yourself at your part-time job because you need energy for your full-time position. If you do not want to apply for a part-time position, find a way to sell your services to others.
Identifying the best place to work is one step to adjusting to the costly effects of a recession. Grads can survive on an entry level salary by getting a part-time job and cutting excessive spending. Taking care of these two steps can save you a huge headache when your bills are due Tuesday. Remember, the recession exists but you do not have to change everything about your life to live comfortably.

Originally posted by amy m

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