Congratulations graduate! You’ve just graduated college, which is a huge step for any young adult, and often a challenging one. You are finally on your way to becoming the responsible man or woman you want to be. This can seem intimidating at first – stepping into the real world is a big deal. Most graduates have student loans to pay off in addition to supporting themselves as well as investing into your future. If you don’t already have one, you’ll soon need a vehicle you can depend on, a place to live and being faced with all the other expenses adults deal with every day. The good news is that with careful planning you can save money while in college and have what you need to accomplish your goals to continue to save money after college. There are lots of ways to save money after college, here are 5 to get you started.
5 Ways to Save Money after College
– Make paying off your student loan a priority. The sooner you pay it off, the more you will save in the long run and the less money you will be throwing away towards interest. Consider looking into consolidating students loans as a way to lower interest rates.
– Pay your bills first each month and on time. This will prevent you from having late fees and it will help keep your credit in good standing. Credit cards typically will raise your interest rate if you’ve been late before.
– Start a savings account and treat it like one of your bills. This will ensure you put a certain amount of your paycheck in savings each payday, even if it’s only 10 or 20 dollars a week. Small amounts added to a savings account add up over time.
– Look for sales and use coupons to save on the items you buy. Every little bit you save now will add up over time. There are lots of great websites that can show you where and how to save. One of my favorites is Living Rich with Coupons. I haven’t paid retail for basic necessities, like toothpaste and deodorant, in years.
– Don’t try to live above your means. In other words, if you can’t afford to buy a new outfit every payday, then don’t. Buy items that you can mix and match and still look like you’re spending a fortune on clothing when you’re really not. Don’t be afraid to head over to the local consignment store or thrift shop – you can find some great bargains at these places.Small amounts added to a savings account add up over time. Click To Tweet
It’s tempting to go a little crazy with spending when you begin getting a regular paycheck. However, being responsible with your money now and saving all you can will help you accomplish your lifelong goals.
What are some ways to save money after college that helped get you to your goals?