11 Common Money Mistakes and How to Avoid Them
You’ll be making some serious money for the first time in your life, but you’ll also be responsible for some serious adult bills.
Before you sign a lease for an apartment or purchase a new car, avoid the most common money mistakes made by college graduates.
No Emergency Fund
Commit to building up an emergency fund that can cover six months of your basic living expenses.
No Monthly Budget
Now that you’re living a more independent life, you need to have a budget and keep your spending in control.
Living Beyond Your Means
Living beyond your income is a recipe for financial disaster. Your goal is to spend less than you earn so you can save money and invest some of your earnings.
Getting Rid of Your Roommate
Sharing expenses with a roommate, you may not see very much may provide you with worthwhile savings.
No Student Loan Repayment Plan
Go for the standard repayment plan with equal monthly payments up to ten years.
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