As graduation season comes to a close, I want to offer my congratulations. But, some graduates now have something looming six months in the future. The begin of student loan payments.
The luckiest ones have jobs and circumstances that will not make this an issue. If so congratulations again.
But for those who have or not landed and this is a fearsome issue, I recommend that you start planning immediately for your future.
First on the list is finding that job if one is not in hand.
Second keep expenses to a minimum, as a good friend always mention cash is king.
Third assess debts, student loans, credit cards, auto, etc.
Fourth prepare a budget.
Fifth, seek help, just because you have your degree does not mean you know everything or work in a vacuum.
Sixth if possible start saving after credit card debts are paid. You may want to own something in the future.
Seventh, start a side business.
Again, good luck and congratulations.