Advice Financial Experts Would Give To Youngsters

Some individuals tend to hold down small jobs when in High School. Some may even work during their college years. But it is only after they get a job after college they would feel as if they got a real job. Therefore when they get their first paycheck they would think that they can spend it any way they like. But this, unfortunately, is not the case. That is because the majority of this paycheck would be spent on rent and utilities. Therefore at the end of the day, you would only end up with a small percentage. At this stage, we understand that you would feel lost. That is because you won’t know how to manage the little money that you have. You may think that you need to save everything without spending a cent. But this is not a viable solution. Therefore that is why they need to rely on the experts for assistance.

Think About Your Retirement

Soon after graduation, you would be worried about leasing a car in Singapore or finding a place to live. Therefore the last thing that you would ever think of is your retirement. That is because you know that it is way ahead in the future. However, even though it may be 40 or so years in the future you still need to think about it. That is because it is never too early to start saving up. We know at this stage you won’t have that much money. Therefore after spending on the essentials, you would only have a couple of dollars left over. But that does not important because every little cent matters. Therefore no matter how much you have you need to put it into savings.

Have An Emergency Fund


As a recent college graduate, you would be living paycheck to paycheck. This is understandable. That is because this may be something that you have done during college. But you need to understand that situations can change. it is true that you now have a job but it is also possible to lose this job. Then how will you pay your rent? What if you cannot immediately find another job? Furthermore, what if you get sick? Then you would need to money to pay the medical bills. Thus, that is why we think it is important for you to create an emergency fund. Ideally, you need to save up at least 6 months worth of living expenses.


As a college graduate, the world can be both an exciting and nerve-wracking place. But you cannot remain a naïve college student. You need to be aware of the aforementioned facts in order to succeed.


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