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10 Big Tips for Recent College Grads

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January 28, 2011


Thumbnail image for Thumbnail image for New Grad Life logo.jpgGraduating from college is a big adjustment for most students as s/he has to trade-in an insulated, academic, environment for the so-called “real world.” The transition from student to working adult is critical, especially in regard to getting your personal finances off on the right foot. The foundation a recent grad lays in the 2-3 years after graduation often predicts how s/he will lead the rest of their economic life. If the recent grad is interested in a flashy new car, eating out, and living in an expensive city, for example, then s/he often delays saving money, paying off student debt, finding the right career, and being financially independent overall.
Here are some practical steps the recent grad can take to ensure that their personal finance life gets off on the right track (after all, you don’t want to be worrying about credit card debt by the time you’re 25, right?):
1. Begin paying off your student debt as soon as possible. It’s tempting to pay the minimum amount each month (especially if you have a low rate), but debt (outside a home mortgage) is a bad thing, so focus first on paying off your student loans (do this at all costs, no one wants to be paying off student debt at the same time they see their first gray hair!). Continue reading …
New Grad Life is the only blog solely dedicated to providing free resources to recent college graduates or soon-to-be grads for topics such as job hunting, resume/interview help, networking tips, money management, and more.

Originally posted by Candice A

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