Best Money Advice for Graduates

Best Money Advice for Graduates

In this three-part video series, TIME asked recent college grads working at MONEY and Time Inc. for their best advice to the Class of 2016.

Here’s what the graduates told us they’ve learned about handling money (now that they finally have some).

RELATED: Gifts For College Grads To Make Them Smarter About Money

Stretching those early paychecks as far as they can go (and sometimes beyond) is a common theme among our recent grads. Among their favorite tricks:

Pay yourself first. That is, have some money automatically taken out of your paycheck and put into savings before you ever see it.

Avoid late fees. Pay your credit card bill the day you get it, and before you can forget it, one staffer suggests.

Plan ahead for big bills. For example, put some money from every paycheck aside for your rent.

Look for untapped assets. Have extra room (or at least a sofa)? Consider renting it for some extra cash to supplement your salary.

Now, we want to hear from you!  Would like to share your opinion or make a comment on the Unlock Your Wealth Radio Show? If so, then please leave your comment or questions in the space provided below and share this article with your friends and family on Facebook and Twitter. Your comments or question could be chosen as our featured Money Question Monday and a phone call by financial expert Heather Wagenhals could dial your way to be live on the Unlock Your Wealth Radio Show.

Photo credit: US News

Leave a Reply

Your email address will not be published. Required fields are marked *