College Budget: Avoid the Money Mistakes College Graduates Make Most Often

College BudgetYou’re out of school and it’s time to start your career, but being college graduate doesn’t make you immune from dumb decisions. In fact, there are many money mistakes college graduates make quite often. Follow these suggestions to avoid these typical pitfalls.

Being Too Picky about Finding a Job

Expecting to land a great job immediately is a common mistake graduates make. The reality is that you’re probably not going to get your ideal job right out of the gate. Don’t turn your nose up at money and experience because it’s not exactly what you want. An entry-level job is not a life sentence, and it will help you get started on building your life sooner rather than later.

Living Beyond Your Means

Anxious to live better than during school or overwhelmed with a new salary, many graduates overspend. Living beyond your means, especially when you have loan debt, can quickly lead to misery. To save yourself for this, budget as soon as you know your income. Track the flow of your money and cut back on non-essentials as much as you can, leaving plenty for loan repayment.

Not Having a Realistic Budget

Many graduates, if they do put together a budget, falsely believe that they can rely on credit to get through. Relying on credit cards often puts grads in debt quickly. Make a list of your expenses and incomes to compare, then determine which expenses are and aren’t necessary. Again, cut back on non-essentials as much as possible to eliminate needless debt.

Neglecting Student Loans

Of all the money mistakes college graduates make, this is the most foolish. The grace period may seem long on graduation day, but it isn’t. Start repaying student loans as early as possible, and you’ll not only be debt free sooner, but you’ll also give yourself a solid credit rating. Additionally, do research to understand your loans; it will make managing them much easier.

If you avoid these money mistakes college graduates commonly make, you’ll be putting yourself on the fast track to living a prosperous adult life.

Dealing with Finances after the Death of a Spouse

There’s no ignoring the tragedy of losing a spouse, but you must move on and continue living your life. In modern times, a big part of that is taking care of money matters on your own. Read on for guidance for dealing with finances after the death of a spouse. Refrain From Making Major MoneyContinue Reading

Tips for Making a Single-Parent Family Budget Work

Raising a family on a single income is an art form that requires patience and ingenuity. With some careful planning and smart choices, maintaining a balanced household budget is possible. Here are some tips to make a single-parent family budget work well. Make a Budget and Commit You can’t make your budget work if youContinue Reading

Smart Ideas for Retiring with Less Money

Life doesn’t always follow a set script, and sometimes retiring sooner than you had planned on becomes a forced option. If you need to retire soon and your savings are less than you’d like them to be, there’s no reason to panic. Here are some tips on retiring with less money. Pay Off Your DebtContinue Reading

Tips for Raising Your Credit Score for Apartment Rental Approval

Many people are surprised to discover just how much of an impact your credit score has on getting a lease for an apartment. Whatever your credit history is, here’s some helpful advice to maximize your credit score and your chances of getting the place you want by increasing your apartment rental credit score. Why YourContinue Reading

College Budget: How to Find Affordable Car Insurance for Students

Whether you need to drive or simply want to, car insurance is a must when you’re away at college. But when it comes to keeping a balanced college budget, you need to find a plan that works and that you can afford. The process of finding affordable car insurance for students will become much easierContinue Reading

How to Get Your Wedding Budget Back on Track

So you’ve added up the numbers and you’ve realized that the cost of your wedding is out of control. This is a common problem that many happy couples run into when managing a wedding budget. Fortunately, there are some simple steps you can take to get your wedding budget back on track. Decide What’s MostContinue Reading

New Year’s Resolution: Start Your Spending Diet Now

If you’re currently in debt or having trouble with your spending habits, make a New Year’s Resolution to go on a spending diet. Much like a regular diet, a spending diet requires you to cut back on certain habits and to analyze your lifestyle so that you can achieve desired results. To help get youContinue Reading

Things to Look for When Reviewing Your Annual Credit Report

So, you’ve gotten your credit report, but you don’t know where to start. Here are some basic items to look for when reviewing your annual credit report. Personal Information The quickest, easiest, and first thing to look over is your personal info. All you really need to do is give this information a quick onceContinue Reading

Protect Yourself Against the One Ring Wireless Phone Scam

Phone scams are almost as old as the telephone itself. A new way crooks will try to cheat you out of your money is the one ring wireless phone scam. Here are important details about this swindle, and how you can protect yourself against it. How the Scam Works The one ring wireless phone scamContinue Reading