5 Budgeting Tips for New College Graduates

So, you made it through college in one piece, and you even managed to land a good job.  Congratulations  You’re in the home stretch toward financial stability – but you haven’t exactly hit home base yet.  Most likely that new job isn’t going to make you rich (not yet, right?), and it’s even more likely that you have some major student loan debt that needs to be tended to before you can stake your claim to financial freedom.  What’s more, your life had changed in a major way, and it’s time to start prioritizing some new goals, and figuring out how you’re going to accomplish those goals.  It’s time to rewrite your budget, with your new circumstances in mind.  Here are five budgeting tips for new college grads:

Write Things Down

This doesn’t mean you have to literally write down a budget on paper (which you can, if you want to).  But you absolutely need to get all of your monthly income and expense figures out in front of you so that you can create a plan.  If you don’t want to do it the old-fashioned way, you can create a spreadsheet, invest in budgeting computer software, or take advantage of any of the free budgeting tools you can find online.

Set Some Goals

Perhaps the greatest beauty of a budget is setting financial goals and figuring out how you are going to reach them.  Put some serious thought into deciding what you’d like to accomplish, and use those goals to prioritize your budget.

Establish Good Spending Habits

Once you have all of your monthly expenses in front of your face, it’s a good idea to trim the fat where you can.  Cut back on all unnecessary spending, as you see it, in order to free up as much cash flow for goals as possible.

Be Realistic

It’s possible that you are paying all of your living expenses for the first time in a long time (or ever), so you need to examine your monthly obligations and get them down to the bare minimum.  That new salary may seem like a lot to you, but you may be surprised by the reality of having to pay your rent, utilities, insurance, and more.  Be realistic about what you can and cannot afford, and you won’t get sideswiped.

Eliminate Debt

If you happened to get into some debt to get through college, then you might want to consider consolidating that debt into one, manageable payment.

The time after college graduation should be exciting, but for many, it can also be very stressful.  Keep financial stress at bay, and reach your goals in the process, by following these budgeting tips.

About the Author: Patty Kleen is a college graduate with minimal student loan debt. She enjoys writing about personal finance, budgeting, and money saving tips and is a regular contributor at creditloan.com.

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5 Budgeting Tips for New College Graduates

So, you made it through college in one piece, and you even managed to land a good job.  Congratulations  You’re in the home stretch toward financial stability – but you haven’t exactly hit home base yet.  Most likely that new job isn’t going to make you rich (not yet, right?), and it’s even more likely that you have some major student loan debt that needs to be tended to before you can stake your claim to financial freedom.  What’s more, your life had changed in a major way, and it’s time to start prioritizing some new goals, and figuring out how you’re going to accomplish those goals.  It’s time to rewrite your budget, with your new circumstances in mind.  Here are five budgeting tips for new college grads:

Write Things Down

This doesn’t mean you have to literally write down a budget on paper (which you can, if you want to).  But you absolutely need to get all of your monthly income and expense figures out in front of you so that you can create a plan.  If you don’t want to do it the old-fashioned way, you can create a spreadsheet, invest in budgeting computer software, or take advantage of any of the free budgeting tools you can find online.

Set Some Goals

Perhaps the greatest beauty of a budget is setting financial goals and figuring out how you are going to reach them.  Put some serious thought into deciding what you’d like to accomplish, and use those goals to prioritize your budget.

Establish Good Spending Habits

Once you have all of your monthly expenses in front of your face, it’s a good idea to trim the fat where you can.  Cut back on all unnecessary spending, as you see it, in order to free up as much cash flow for goals as possible.

Be Realistic

It’s possible that you are paying all of your living expenses for the first time in a long time (or ever), so you need to examine your monthly obligations and get them down to the bare minimum.  That new salary may seem like a lot to you, but you may be surprised by the reality of having to pay your rent, utilities, insurance, and more.  Be realistic about what you can and cannot afford, and you won’t get sideswiped.

Eliminate Debt

If you happened to get into some debt to get through college, then you might want to consider consolidating that debt into one, manageable payment.

The time after college graduation should be exciting, but for many, it can also be very stressful.  Keep financial stress at bay, and reach your goals in the process, by following these budgeting tips.

About the Author: Patty Kleen is a college graduate with minimal student loan debt. She enjoys writing about personal finance, budgeting, and money saving tips and is a regular contributor at creditloan.com.

560 Responses to 5 Budgeting Tips for New College Graduates
  1. health insurance
    May 20, 2018 | 3:32 am

    Great blog here! Also your website loads up fast! What web host are you using? Can I am getting your associate link on your host? I wish my site loaded up as quickly as yours lol

  2. holistic medicine
    May 20, 2018 | 3:33 am

    I¡¦m now not certain where you are getting your information, but great topic. I needs to spend a while learning much more or working out more. Thanks for excellent info I was in search of this information for my mission.

  3. health news
    May 20, 2018 | 3:36 am

    My brother suggested I might like this website. He was totally right. This post actually made my day. You cann’t imagine simply how much time I had spent for this info! Thanks!

  4. Home Product and Service
    May 20, 2018 | 3:36 am

    I enjoy the efforts you have put in this, thanks for all the great articles.

  5. health insurance
    May 20, 2018 | 3:37 am

    I haven¡¦t checked in here for some time as I thought it was getting boring, but the last several posts are great quality so I guess I¡¦ll add you back to my daily bloglist. You deserve it my friend 🙂

  6. medicine
    May 20, 2018 | 3:54 am

    Wow! This can be one particular of the most helpful blogs We have ever arrive across on this subject. Actually Wonderful. I’m also a specialist in this topic so I can understand your hard work.

  7. Irvin Romanek
    May 20, 2018 | 3:55 am

    Appreciation for really being considerate and also for deciding on particular marvelous guides most people really would like to be conscious of.

  8. better health
    May 20, 2018 | 4:05 am

    Hello very cool blog!! Man .. Excellent .. Wonderful .. I’ll bookmark your blog and take the feeds additionally¡KI’m satisfied to find numerous helpful info here in the publish, we need work out more strategies in this regard, thanks for sharing. . . . . .

  9. Home Product and Service
    May 20, 2018 | 5:04 am

    Only a smiling visitant here to share the love (:, btw outstanding design .

  10. Giuseppe Husbands
    May 20, 2018 | 6:12 am

    I loveI really likeI likeEveryone loves it when peoplewhen individualswhen folkswhenever people come togetherget together and share opinionsthoughtsviewsideas. Great blogwebsitesite, keep it upcontinue the good workstick with it!

Leave a Reply


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