Having [...] This will help you save for your future. A medium-term goal could be buying a business, a home or paying for your child?s education. Learn to pay yourself first!According to CNN Money, college graduates of 2005 are being paid more in starting salaries than the class of 2003-2004. ?When recent college graduates get their first job, they see their co-workers with brand new cars, so they think they should get one also, not knowing the co-workers experience and salary,? Depending on what your entry-level job pays; it would be wise to spend accordingly with your available income. A short-term goal may be a new car, a vacation or a television. The majority of employers offer 401(k) plans or other tax-deferred retirement options. DMCC provides free financial education, personal budget counseling, and debt management plans to consumers across the United States. With every paycheck you receive, you can contribute money into the 401(k) and many employers will match some part of your contribution. Santucci adds.If you are going into a career that coincides with your college major, you may want to consider starting with an entry level position rather than taking a higher paying job in an unrelated field. It is best to do research and want to learn about how to manage your credit, bills, and any extra expenditure before it is too late.
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