7 Personal Finance Tips For New Graduates Positive Money Mindsets Below, select shares five personal finance tips that will help new graduates (or adults of any age) who are learning how to manage their money. 1. know the 50 30 20 rule. the 50 30 20 strategy is. Having a bit of a cushion can be beneficial during the school year, especially if things don’t go according to plan with your side gig or part time work. federal direct subsidized and.
Recent Graduates Here S Some Financial Advice Financial Advice Even if they’re paying off debt, alex rezzo, a certified financial planner and the founder of andante financial in the los angeles area, urges new grads to start saving for retirement right away. Of course, the best way to tackle your student loans head on is to make extra payments. even if you just pay $100 extra a month on a $10,000 loan with a 4.5% interest rate, you’ll be finished paying off the loan five years early. if all else fails, refinancing is another possible option. Spend 50% on needs like rent, groceries and minimum loan payments. spend 30% on splurges like trips, takeout and concert tickets. spend 20% on savings and extra payments on high interest debt. 2. 3. build up your credit score. your credit score determines more than just the cards in your wallet. it can also determine how much you pay for a variety of financial tools, from car insurance to.
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