7 Financial Tips For New Grads – Forbes


One of the most common things I often hear from people is how much they wish they had learned about financial wellness when they were younger. I particularly think about this with all the new college grads this year. There are a lot of things I’m glad I knew back then and a lot more I wish I knew. Here are a few financial tips I’d share with new grads:

1) Upgrade your lifestyle…gradually. If you have a new full-time job with a full-time paycheck, it may be tempting to go out and buy a new car and get a nice apartment all to yourself, but you’ll probably be happier in the long run if you use your early years to keep your living expenses low so you can save for things like emergencies, buying a home, and eventually becoming financially independent. That might mean driving an older car and living with your family or one or more roommates a little longer. I did both and they were some of the best financial decisions I ever made. My life was a lot less stressful without high rent and car payments and I was actually able to spend more on experiences like traveling and eating
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