The Magic Formula for Financial Success Post Graduation

Yes, I know I haven’t posted in ages. Things have been a bit busy in personal, work and freelance life. While I get original content cued up, I hope you enjoy this piece…

Okay, this was HS graduation..but it's a great pic.

Okay, this was HS graduation..but it’s a great pic.

College graduates around the country are currently coming down from the post-graduation highs and either waking up to screeching alarms way earlier than they ever had class or the sinking realization that getting a J-O-B is crucial to adult-life survival.

First paychecks might get blown on rounds at the bar in celebration of being a successful adult, after all student loan payments don’t kick in for another few months. The lucky ones getting a signing bonus could be tempted to splurge for an upgraded set of wheels or an above budget apartment. There are just so many mistakes a 22-year-old with limited financial experience is likely to make.

But in this time of celebration and uncertainty, one rule should reign supreme when making money decisions: the less than 50 percent rule.

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Posted in DailyFinance
9 comments on “The Magic Formula for Financial Success Post Graduation
  1. Matt says:

    First paycheck… now that’s a long time ago. Don’t know the less than 50 percent rule, though. Gonna check it out. Thanks.

  2. There are lots of newly graduates looking for employment. Hope they know how to manage their own money properly and to spend it wisely.
    Jayson @ Monster Piggy Bank recently posted…End of Financial Year TimeMy Profile

  3. Jacob says:

    Like the 50% rules quite a bit. If graduates could just avoid the lifestyle inflation that commonly occurs, they would avoid many years of unnecessary debt payments as well.
    Jacob recently posted…Discover It Miles Credit Card Review: Cash Back All YearMy Profile

  4. Andrew Stotz says:

    The 50% rule sounds great. How much of the remaining 50% would you then recommend putting in savings per month?

  5. Sarah Lusby says:

    Ahh to the young again.. I totally blew my first pay check!
    Sarah Lusby recently posted…Enquiry – Thank YouMy Profile

  6. Nate M. says:

    I think we are doing a better job at educating grads on budgets and personal finance than when I was in school. Now most schools offer a finance class as an elective. Although, to really find out how tough budgeting is, they have to learn first hand.

  7. Jeremy says:

    Excellent article …. by being financially aware, you’ll be ahead of most of your peers!
    Jeremy recently posted…3 ace ways to break away from your studiesMy Profile

  8. SO many mistakes and so much time to fix it for most 22 year olds. The smart ones will heed advice like this and the know it all’s will learn the hard way- real life lessons.
    EL @ Moneywatch101 recently posted…The Best Deal PurchasedMy Profile

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