Graduating? Here’s What You Need to Know
Part 2 of 3

 

Here are the next 3 tips of a three part series on finances for recent grads:

4.                 Make Good Choices: Just because all of your friends are driving brand new cars that doesn’t mean you have to. Get a used car and save yourself the debt. Or cook at home instead of eating out. Make coffee before leaving the house instead of stopping for it. All of these things will end up with more money in your pocket in the long run.

5.                 Take All the Free Money You Can Get: Ask your employers how much they will match your retirement funds with – find out about vesting and how your money can work for you – along with help from your company.

6.       Create Long Term and Short Term Goals: Save at least 20%    of your income to prepare for retirement, vacations, houses, etc. You always want to have money saved for whatever may come your way – and it is never to early to start thinking about retirement. ■