Financial Management for Grads: What They Don't Teach You in College

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Managing Your Finances

Whether you graduated from college with a degree in linguistics or biophysics, it's likely that one of your biggest challenges right now is managing your finances. Here is what the Colorado Society of CPAs says you need to know now that Mom and Dad aren't footing the bills.

UNDERSTANDING FINANCIAL PLANNING

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Personal financial planning refers to the process for managing how you spend, save, borrow, and invest money. It involves balancing your checkbook, getting the best savings rate, paying off your student loan, buying a car, saving for retirement, and more. It is essentially a process for managing your money that is consistent with your personal financial goals and objectives.

THE COST OF INDEPENDENCE IS BILLS, BILLS, BILLS

Most graduates are surprised by the number of bills they are responsible for once they are on their own. Make a list as soon as you graduate of your current financial liabilities

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