As a post grad, the world can seem like a scary place. Especially in these times of financial hardship and when your parents may be struggling as much as you are. You may have never had to pay any bills. You may have had a car payment and that's it. Now you're faced with possibly living on your own and all the bills and expenses that comes with it. So how do you deal?
1. Use websites and programs like Excel to your advantage. As a freelancer, it can be tough to keep track of my income. I use Excel to track my monthly income from each client and keep track of how much I make per month and year as a total.
There are also websites like Mint.com that allow you to add your bank accounts and keep track of your income and what you spend and make budgets and goals for yourself.
2. Set up different savings accounts with different goals in mind. For example, if you have to save up for a vacation or a new car, make a specific savings account for that goal. Determine how much of your paycheck you want to add into the savings account each month and stick to it.
3. Use cash. Try to hold off getting a credit card for as long as you can. When you use cash, it is often harder to let go of and you take a hard look at what you're really spending and what you're buying.
4. Find extra ways to earn money. Times are tough and there is no shame in babysitting on the side or finding odd jobs to help pay the bills. Under the table jobs can be the most fun and give you some extra money to help pay your expenses or simply give you some shopping money.
Good luck, post grads!
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