Graduating? Here’s What You Need to Know
Part 1 of 3
 

Here are the first three of ten tips to help you out financially if you are about to graduate:

1.                  Pay Yourself First: No matter what happens, you need to put aside money for yourself. If you don’t do it you will end up regretting it. By having savings accounts and investment accounts you will end up a much happier and worry free individual. 

2.                  Learn About Compound Growth: The earlier you start saving, the more money you will end up with at the end. You save some money, that money earns interest. Add them together and you have more money. Then you get interest on that amount, and so on.  

3.                 Open an IRA: Once you have your savings starting to grow you want to look into an IRA. It takes after-tax dollars and it is easier to save and/or remove funds as needed. However, contributions are not deductible which is really ok when you think about the tax-free distributions at retirement.  ■