Whether you
have just graduated with a bachelor’s degree or a master’s degree, the one
thing most recent college graduates share is debt. The cost of post-secondary
education is through the roof and few parents have the resources anymore to pay
the cost of tuition, books, and living expenses. It’s a
sad, but true, fact of life. Unfortunately, this leaves most newly graduated
young adults without much in the way of creditworthiness. If you have recently
graduated and are in a less than ideal financial situation, here are some tips
on getting control of your finances.
Dealing with Student Loans
One of the
biggest concerns most recent grads share is the worry over paying off those
student loans. Fortunately, most have very low-interest rates and many lenders
will have alternative plans if you are currently in the market for a job. Some
loans don’t require payments for a certain leng
How to Get Control of Your Personal Finances Fresh Out of College
With a lot of people working hard to pay their bills, and often having no money left over for personal rewards, let alone substantial savings, putting extra money into savings can be a tough task to fulfil. However, it’s important to remember that even the tiniest amount — even if it’s $5 a month — will all eventually add up, and be better than nothing. Here are 4 tips to get you started on a better savings path. Get Out of Any Debt First There is no point planning to put money into your savings if you have a backlog of debt, no matter how small. Although any form of savings is a positive, it’s much better to use any extra money to clear debt in order to get straight with your finances and avoid paying extra due to interest charges. As soon as debt is cleared, the monthly amount you usually pay in minimum debt payments can then be a bonus for your savings pot. If any de 4 Tips for Increasing Your Personal Savings
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