If you start with a higher paid job
If you start with a higher paid job in a different career, you might lose interest quickly and have little room for advancement. Copyright [...] DMCC provides free financial education, personal budget counseling, and debt management plans to consumers across the United States. Be smart with your money. You are a Recent College Graduate, Have a Job and Now What? Depending on what your entry-level job pays; it would be wise to spend accordingly with your available income. If a 25-year-old who invests $2,000 a year at a 6 percent compound interest annually for fifteen years and never invests another dollar, after the age of 40, the 25-year-old will earn more by the age of 65 than a 35-year-old who invests $2,000 a year at 6 percent compound interest annually for 30 years, even though the 35-year-old would have invested twice as long.Last but not least, it is important to identify a short, medium and long-term goal for yourself. This will help you save for your future. It might be a smarter idea to actually stay independent because you will grow and may learn faster what it means to be self-reliant. Pete Glocker can be reached by email at pete@dmcccorp.org Many graduates think they are getting better paying jobs than they actually get after college, so they buy a vehicle way out of their price range.
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