Free food, late class times, and wearing sweatpants almost every day are just a few things I miss about college. That said, while entering the workforce can be overwhelming, at least it comes with a steady income.
You’re probably making more now than you ever have before. Check out these 5 tips for recent college graduates to learn what do with your money so you can effectively save, spend, and splurge.
You may be surprised at how expensive life really is; I know I was. Just remember, every dollar counts and the better you organize your paychecks, the more money you’ll be able to save. The 50/30/20 budgeting rule is a simple way to break down your monthly income into the appropriate areas. It indicates that 50% of your earnings should go toward your necessities, 30% toward your wants, and 20% toward your savings. By using this budgeting technique, you’ll be able to cover your monthly expenses, splurge reasonably, and save for the future.
Try out the 50/30/20 Calculator
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Disclaimer: Views expressed may not necessarily reflect those of Citizens. The information contained herein is for informational purposes only as a service to the public and is not legal advice or a substitute for legal counsel. You should do your own research and/or contact your own legal or tax advisor for assistance with questions you may have on the information contained herein.