Financial tips for fresh graduate

After completing studies for four years, many hours studying until late at night, then it's time you face the real world. When you moved to the adult phase of life, make sure you are able to handle the financial situation.

While you are still young, you have to learn about money management. Here are financial tips for fresh graduate:

1. Make a health care coverage
When you are entering the workforce, your health care dependents of your parents will probably end up in line with your graduation. So you must need an individual health insurance plan.

2. Save money for the future
Try to join the pension plan at your workplace. If you are still young and the company offers the plan, take the chance. You also need to manage your savings before you have a lot of financial obligations such as children and home.

3. Allocate for emergency funds.
Allocate part of your new job salaries to build a saving account to serve the emergency fund.

4. Learn about tax.
Educate yourself about tax cuts make you aware of the tax bill.

5. Handle your credit cards wisely.
Use your credit cards carefully and always pay the balance on time each month.

6. Create a saving goal.
After you earn a salary, you need to make retrenchment. As a recent graduate you may want to focus on retirement planning or advance funds for a house.

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