Some 1.8 million students will graduate with a bachelor's level degree in the U.S. in 2017.
And most, if not all, will have to start – as millennials are fond of saying – adulting. They will have to earn money, and pay back student loans, and pay bills, and save for a rainy day, a car, a home and retirement. Here's how graduates should go about creating a sound financial plan, according to experts. 1. Create a budgetKeep track of your expected and actual income and expenses using software programs such as Mint or You Need a Budget. Of note, making a making a budget is not a once-and-done task. Instead, you adjust as needed. "This is ongoing, and is not a test you study for to pass and then forget," says Autumn Campbell, a financial planning resident at Upperline Financial Planning. "Budgets are malleable and change as your life circumstances change. Having a budget keeps you honest with yourself and in-tune with your expenses." A budget can also help you live within your means, says Jason McGarraugh, a certified financial planner with Neal Financial Group. "You need to know what you make and track what you spend," he says. Read Entire Article: http://www.cnbc.com/2017/05/24/9-ways-for-college-grads-to-start-life-on-the-right-financial-foot.html Comments are closed.
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AuthorJoshua Nahas Archives
May 2017
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