: 8 money lessons for the class of 2022

by | Jun 18, 2022 | Stock Market

Congratulations, you’ve made it, you’re a new college graduate. Now it’s time to head out into the working world. You will be earning money and getting a regular paycheck. Along with earning money comes responsibility.  Here are 8 money lessons for the class of 2022.  Live within your means 

Getting your first real paycheck can be exciting. It’s tempting to buy the things you might not have been able to afford as a college student. It’s OK to splurge a little bit, but it’s more important to understand your financial boundaries and live within your means.  Establish a monthly budget  A great habit to establish early on is to develop a budget. What comes in each month and what goes out? On the income side, your primary item will be your paycheck. If you have some sort of side hustle that generates consistent income, be sure to include this as well.  On the outflow side, take a look at everything you spend during the month. Items such as housing, food, a car payment, student loan payments and other fixed expenses should be part of your budget. Likewise with items like food, entertainment, gas and others that might vary a bit should also be included.  Be sure to include income taxes in your budget by having an ap …

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