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Pay the Bills after College
Filed under Salary and Benefits
Posted by Libraries, June 13, 2008
View all posts for June 2008
Pay the Bills after College
by Jilian Mincer. Wall Street Journal (Eastern edition). New York, N.Y.: May 22, 2008. p. D.2
Amid the whirlwind that is the graduation from college, recent graduates often overlook the financial implications of a transition from the relatively care-free student life to the responsibility demanded by the work life.
This article suggests a few ways that recent college graduates can use to stay on top of their financial situation and avoid the pitfalls of high interest debt. Starting from a few concrete examples from graduates from Johns Hopkins University, the article has a number of words of advice to recent graduates: try to think long term (which translates into: it might be a good idea to postpone getting that new car, if it can help saving for a down payment for a house); it’s never too early to start thinking about retirement (especially with the continued disappearance of employer-backed pension funds). For any emergencies and unexpected situations, the article recommends that grads should save at least three months of necessary expenses (like rent and food).
For tips on keeping up with bill collectors, check out the Career Resource Library’s Paying the Bills page, where you’ll find resources for Finances in the Real World, and Long-Term Financial Planning.
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