Five Tips for Fresh Graduates towards Financial Success
Date: Tue, 11/23/2004 - 02:31
Hey, so you have crossed the threshold of your basic education. Congratulations. Here are five smart steps to make a firm financial hold during these days.
Be cautious while choosing your job
This is the first and most vital step where you have to be most careful. Go for the job of your interest. In that matter even if it is low paying at the moment. For example, if you are an ad guy, you should not opt for a finance firm even if it pays you more. In the long term your performance is bound to suffer, for your interest in the chosen arena is very minimal.Moreover it will never bring you the job satisfaction.
Moving in with your parents is not an ideal move
In the process of saving money; don't ever let the thought of moving in with your parents influence you. Think before you leap. It is very unwise to get back with your parents when you had been leading a free and independent life for some years now. Although you might have hard days at the initial stages, you will learn more about life. College graduates have a tendency of shifting their address to their parent's home in order to save money. But in most cases it does not work out well. This is because these young people have an eye for entertainment, cars and other consumer goods that blow up their money. They spend more money than what they save.
Avoid investing on a new car
At this point of time it is not advisable to buy a new car. Buying a brand new car can put you in tight financial chains. It is certain to add to your financial strains. Instead go for a second-hand car and save loads of money. Doing this will save you from following a strict budget and you will be more relaxed financially. Instead you can use this money for the down payment of a new house instead of a new car.
Have a go-go with budget
Get yourself into an expenditure plan from the very beginning. Budgeting your expenses can allow you to get the things you dreamt of without burning a hole in your pocket. You also need some savings during times of emergency and budgeting helps you towards achieving your goal. Invest well from the very outset. It will keep you away from debt problems in the future. Getting started with budget plans needs a lot
Be cautious while choosing your job
This is the first and most vital step where you have to be most careful. Go for the job of your interest. In that matter even if it is low paying at the moment. For example, if you are an ad guy, you should not opt for a finance firm even if it pays you more. In the long term your performance is bound to suffer, for your interest in the chosen arena is very minimal.Moreover it will never bring you the job satisfaction.
Moving in with your parents is not an ideal move
In the process of saving money; don't ever let the thought of moving in with your parents influence you. Think before you leap. It is very unwise to get back with your parents when you had been leading a free and independent life for some years now. Although you might have hard days at the initial stages, you will learn more about life. College graduates have a tendency of shifting their address to their parent's home in order to save money. But in most cases it does not work out well. This is because these young people have an eye for entertainment, cars and other consumer goods that blow up their money. They spend more money than what they save.
Avoid investing on a new car
At this point of time it is not advisable to buy a new car. Buying a brand new car can put you in tight financial chains. It is certain to add to your financial strains. Instead go for a second-hand car and save loads of money. Doing this will save you from following a strict budget and you will be more relaxed financially. Instead you can use this money for the down payment of a new house instead of a new car.
Have a go-go with budget
Get yourself into an expenditure plan from the very beginning. Budgeting your expenses can allow you to get the things you dreamt of without burning a hole in your pocket. You also need some savings during times of emergency and budgeting helps you towards achieving your goal. Invest well from the very outset. It will keep you away from debt problems in the future. Getting started with budget plans needs a lot
I still stress on budget
I am for the budgets as it is not only a cure but also a future safeguard.
