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Top Financial Mistakes Fresh Graduates Make

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					                 Top Financial Mistakes Fresh Graduates Make

Being a fresh grad may be overwhelming because you are trying everything you can just to get
yourself a job. But that’s not the only thing that’s important. Being a fresh grad may mean that
you’re all on your own and that you are now independently surviving by yourself and it’s actually
not that easy especially for the financial part. Here are some finance tips for graduates to avoid
the typical mistakes that most fresh grads commit.

      A lot of fresh grads don’t realize the important of saving their money. Now that you’re on
       your own, you have to make a plan or a budget to make your money cover you for the
       entire month. Some are disciplined enough to control their spending and to utilize it on
       much more important things. You have to consider you monthly expenses such as you
       rent utility bills, food expenses and many more; not to mention your daily allowance and
       school expenses.

      Not cutting down on unnecessary expenses is the number one mistake committed by
       fresh grads. They often get carried away from all the night out dinners and drinking just
       because they’re done with college. Yes, your freedom should be celebrated but that is
       not an excuse for you not to save. Instead of dining out all the time, save more money
       and buy groceries then cook it at home. If you are into watching movies during the
       weekends, you might want to cut that off and buy rent some DVD’s instead. Look for
       more ways for you to save money and in the long run, you’ll have more money on hand
       than you realized.

      Not realizing where your money went usually happens to fresh grads. Whatever it is that
       you bought, make sure you write it down and keep that list with you. Check it at the end
       of every month so that you’ll realize how much you are spending and what you need to
       adjust on.

      Not paying your bills on time will only get you into deeper trouble. Missing out on
       payments will also hurt your credit rating and you will even get negative items on your
       credit report for seven long years. The real world is difficult to live in, but if you live by the
       rules and is disciplined enough, then you’ll have fewer issues to deal about.

      Getting buried under debt is probably the worst thing that could happen to you as a fresh
       grad. Considering that you’re still new and just starting off, you have to avoid getting
       buried under it as early as now. Debts can accumulate and the longer you let it linger,
       the bigger I becomes because of the interest rate. Make sure you finish all off your debts
       or better yet, avoid them and always pay on time.

Follow these tips and avoid committing these mistakes as much as possible.

Are you a college student and want to save money? Do some part time jobs and start building a
healthy credit report. A good credit score will help you getting a high paying job.

				
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Description: Being a fresh grad may be overwhelming because you are trying everything you can just to get yourself a job. Being a fresh grad may mean that you are now independently surviving by yourself. Here are some finance tips for graduates to avoid the typical mistakes that most fresh grads commit.