Since it is summer, most students are trying to make a little bit of $ to finance entertainment moments, a new vehicle, or even future schooling. ;-)
I'm just going to take a moment and remind graduates that it's a big world out there. Whether you chose to further your education or to jump right into the work-place, don't let your finances, (or lack of them) ruin your plans.
Here are some financial tips to keep ahead:
1. Put 10% or more of your income into long-term savings. (Putting 10% into the tithe box does NOT constitute life savings, hehehe.)
2. Make a budget. You can't save for a car, school, or the future if you don't know how much you're making and spending. (Online sites like Mint.com or Kiplinger.com can offer budgeting tools.)
3. Don't spend $ you don't have. Live within your means.
4. Consolidate school loans. After college, this will allow you to roll all loans together with one interest rate.
5. Build your credit history carefully. Use your credit card WISELY and only when you have to.
6. Have a health care plan. Figure out when your parents' coverage ends and be sure you have another one lined up.
Welcome to the adult world!
