| Plan your financial future after college,
| |
| | Sales - $37,130;
|
| through your twenties and beyond.A new
| |
| | Nurse - $38,775;
|
| car is the first purchase most college
| |
| | Financial /Treasury - $45,596;
|
| graduates want to make directly after
| |
| | Software -Design - $53,729;
|
| graduation. You may ask yourself, what is
| |
| | Consulting - $49,781;
|
| the matter with being rewarded with
| |
| | Source: CNN Money 2005After obtaining
|
| something nice after completing such a
| |
| | their landing your first job, many
|
| hard task that you have been working
| |
| | college graduates think it may be a good
|
| towards your whole life? Depending on
| |
| | idea to move back home with their parents
|
| what your entry-level job pays; it would
| |
| | so they can save money. Saving money is
|
| be wise to spend accordingly with your
| |
| | not always the case when moving home.
|
| available income. Many graduates think
| |
| | Having the feeling of fewer bills can
|
| they are getting better paying jobs than
| |
| | provide you more freedom for going out
|
| they actually get after college, so they
| |
| | and buying an expensive car, stereo or
|
| purchase a vehicle way out of their price
| |
| | designer clothes. So, instead of saving
|
| range. "I know when I graduate in
| |
| | your money, graduates could be spending
|
| December, it will be nice to get a new
| |
| | it on items they do not really need. It
|
| car, but I know there will be student
| |
| | might be a smarter idea to actually stay
|
| loans and other living expenses to pay
| |
| | independent because you will grow and may
|
| off first," says Jayne Santucci, a senior
| |
| | learn faster what it means to be
|
| at Florida Atlantic University. "When
| |
| | self-reliant. As a college graduate, you
|
| recent college graduates get their first
| |
| | may struggle starting out at first, but
|
| job, they see their co-workers with brand
| |
| | it will be beneficial to you in the long
|
| new cars, so they think they should get
| |
| | run.The most important word to you, a
|
| one also, not knowing the co-workers
| |
| | recent college graduate, should be
|
| experience and salary," Santucci adds.If
| |
| | "b-u-d-g-e-t." By creating a budget, it
|
| you are going into a career that
| |
| | will give you the opportunity to design a
|
| coincides with your college major, you
| |
| | method to pay your bills and save for
|
| may want to consider starting with an
| |
| | something you really want. The better you
|
| entry level position rather than taking a
| |
| | are at sticking to a budget, the more
|
| higher paying job in an unrelated field.
| |
| | peace of mind you will have when it comes
|
| The entry level job will be better for
| |
| | to your personal finances.A person's
|
| you in the long run because it will give
| |
| | twenties could be the most important
|
| you more opportunities to advance in a
| |
| | years to start achieving your financial
|
| field that you were trained in. If you
| |
| | goals. The earlier you invest the better.
|
| start with a higher paid job in a
| |
| | If a 25-year-old who invests $2,000 a
|
| different career, you might lose interest
| |
| | year at a 6 percent compound interest
|
| quickly and have little room for
| |
| | annually for fifteen years and never
|
| advancement. Stick with your career, and
| |
| | invests another dollar, after the age of
|
| the money will eventually come.When you
| |
| | 40, the 25-year-old will earn more by the
|
| get hired for your first job in the "real
| |
| | age of 65 than a 35-year-old who invests
|
| world," find out what kinds of retirement
| |
| | $2,000 a year at 6 percent compound
|
| plans are available. The majority of
| |
| | interest annually for 30 years, even
|
| employers offer 401(k) plans or other
| |
| | though the 35-year-old would have
|
| tax-deferred retirement options. With
| |
| | invested twice as long.Last but not
|
| every paycheck you receive, you can
| |
| | least, it is important to identify a
|
| contribute money into the 401(k) and many
| |
| | short, medium and long-term goal for
|
| employers will match some part of your
| |
| | yourself. A short-term goal may be a new
|
| contribution. This will help you save for
| |
| | car, a vacation or a television. A
|
| your future. Start your savings account
| |
| | medium-term goal could be buying a
|
| immediately and if at all possible have
| |
| | business, a house or paying for your
|
| your money directly deposited into your
| |
| | child's education. A long-term goal can
|
| account. Learn to pay yourself
| |
| | be retirement and traveling.Managing
|
| first!According to CNN Money, college
| |
| | money as a young adult can be the most
|
| graduates of 2005 are being paid more in
| |
| | important in terms of your financial
|
| starting salaries than the class of
| |
| | situation. It is best to do research and
|
| 2003-2004. Here is a list of the average
| |
| | want to learn about how to manage your
|
| salaries for college graduates:Accounting
| |
| | credit, bills, and any extra expenditure
|
| - $41,039;
| |
| | before it is too late. Be smart with your
|
| Management - $35,811;
| |
| | money.
|
| Teaching - $29,733;
| |
| |
|
