By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Icy TalesIcy TalesIcy Tales
  • Entertainment
    • Books
    • Games
    • Gaming
    • Movies
      • Bollywood Movies
      • Hollywood Movies
      • Music
  • Icy Tales Exclusive
  • Food For Thought
    • Humanity
    • Inspirational
    • Issues that Concern Us
    • Personality
    • Environment
  • Living Life
    • Lifestyle
    • Fashion
      • Beauty
      • Hair
      • Makeup & Skincare
    • Fitness
    • Food
    • Health
    • Life Hacks
  • Stories and Poems
  • Student’s Corner
Search
  • Contact
  • Complaint
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: 4 Smart Financial Moves to Make After Graduation
Share
Notification Show More
Aa
Icy TalesIcy Tales
Aa
  • About Us
  • Advertise With Us
  • Icy Tales Writing Agency
  • Icy Tales Recruitment Help
  • Privacy Policy
  • Cookie Policy (CA)
  • Terms & conditions
  • Code of Ethics
Search
  • Entertainment
    • Books
    • Games
    • Gaming
    • Movies
  • Icy Tales Exclusive
  • Food For Thought
    • Humanity
    • Inspirational
    • Issues that Concern Us
    • Personality
    • Environment
  • Living Life
    • Lifestyle
    • Fashion
    • Fitness
    • Food
    • Health
    • Life Hacks
  • Stories and Poems
  • Student’s Corner
Follow US
  • Contact
  • Complaint
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Icy Tales > Student's Corner > Career Advice > 4 Smart Financial Moves to Make After Graduation
Career AdviceStudent's Corner

4 Smart Financial Moves to Make After Graduation

Icy Tales Team
Last updated: 2023/07/16 at 9:35 AM
Icy Tales Team Published June 15, 2022
Share
4 Min Read
finance
Illustration of money savings protection plan
SHARE
As an affiliate-driven website, Icy Tales earns from qualifying purchases.
[amazon_auto_links id="280537"]

There’s a lot to think about after you graduate from college. Your life is changing completely. You’re starting a new job and maybe moving to a new city. In all that excitement, it’s still important to keep a close eye on your finances.

Contents
Look for Ways to Save MoneyStart an Emergency Savings FundControl Credit Card UseUnderstand Your Benefits

Look for Ways to Save Money

You may feel like you suddenly have more money than ever before, or you might be struggling to cover all of your expenses. In either situation, it’s important to look for ways to spend less money, particularly since you are probably just starting to get a handle on your financial independence.

It’s a good idea to try to track your spending so that you know where your money is going, and then you can create a budget. In addition to taking steps to be frugal, you can look at how to reduce your bills. This is also a good time to consider whether refinancing student loans would save you money. It’s easy to find out if you are eligible for a refinance and how much it would save you.

Start an Emergency Savings Fund

Many people are financially derailed by a relatively small incident, such as needing money for a car repair. Others face bigger challenges, such as job loss. To ensure that you can weather these types of situations, one of your top financial priorities should be to create an emergency fund where you’ll eventually stash enough to cover expenses for three months or more. Some keep enough for six months or even longer. It all depends on your needs, your comfort level and your employment situation. If you are self-employed, you may want more money available in savings.

Control Credit Card Use

It can be tempting to go a little crazy with the credit cards at first. After all, there’s probably plenty of items that you need to get set up in your new home, and with a steady paycheck, it seems like it will be easy enough to pay it all off. You might also tell yourself that thanks to offers of cash back and air miles, you’re actually making a smart financial choice.

However, you should be careful. Interest rates for credit cards tend to be very high, and it can be easy to get deep into debt. There’s nothing wrong with using credit cards to build your credit rating or get miles or other points, but the key is that you need to pay off the balance each month. Don’t use them to live beyond your means.

Understand Your Benefits

Your new job has probably given you a lot of confusing material to read over concerning your benefits, particularly regarding healthcare and retirement savings. It’s important that you fully understand all of your benefits, including what your financial obligations are as far as your health care goes and how to access doctors who are part of your plan.

As for your retirement savings, you should start contributing. If you have a choice of plans, as a younger person, you can generally afford a higher risk portfolio, but you can talk to a financial professional to figure out what’s right for you.

[amazon_auto_links id="280559"]

Icy Tales Team June 15, 2022
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Leave a comment Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Stay Connected

22.2k Followers Like
13k Followers Follow
11.6k Followers Pin
56.4k Followers Follow
334 Subscribers Subscribe

Latest News

Egg salad
What to Eat with Egg Salad: Exploring Culinary Companions
Food For Thought September 21, 2023
Computers
A Complete Guide on How Long Does It Take To Build a PC
Computer September 21, 2023
Programming
A Broader View: Does C++ Have Garbage Collection
Computer September 20, 2023
Business Inventory Overflow: Using Storage Units
Business Startup September 20, 2023
// @Icy Tales

A Property of Icy Media https://www.icymedia.ca

#1407, 3083 East Kent Ave N,Vancouver, V5S 4R2,

Canada

Whatsapp – +1-778-951-2734

Disclosure statement:

Every time you make a purchase from one of the products we talked about, we may earn a tiny bit of commission – at no cost to you! This doesn’t influence our decision-making; it just helps keep our small business alive!

Hire the best attorneys.

In an accident? You may want to hire accident lawyers.

Workplace issues? Get employment lawyers.

  • About Us
  • Advertise With Us
  • Icy Tales Writing Agency
  • Icy Tales Recruitment Help
  • Privacy Policy
  • Cookie Policy (CA)
  • Terms & conditions
  • Code of Ethics
Follow US
© 2022 Icy Tales. All Rights Reserved.
  • About Us
  • Advertise With Us
  • Icy Tales Writing Agency
  • Icy Tales Recruitment Help
  • Privacy Policy
  • Cookie Policy (CA)
  • Terms & conditions
  • Code of Ethics
Welcome Back!

Sign in to your account

Register Lost your password?