College grads make more money in their lifetime

Having a post-secondary degree typically leads to better job security. Often times it’s not necessarily what you study, but the fact that you studied something at all. This might include internship opportunities and other chances to get real world experience that will look good on your resume.

Racking up credit card debt

Don’t ignore your student loans. Starting your first salaried job, adjusting to a new city, trying to keep in touch with friends — it’s all part of the post-grad life. But along with that comes financial responsibility. Developing bad money habits straight out of the gate could hinder your ability to build wealth throughout your life. Below, check out 3 of the biggest money mistakes she sees recent college grads make, and how to moneh them:.

2. Benefits for You and Your Family

In the vast majority of cases — no. But then there is always Bill Gates, one of the original founders of Microsoft. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply. Hottest Questions.

1. Make More Money

Don’t ignore your student loans. Starting your first salaried job, adjusting to a new city, trying to keep in touch with friends — it’s all part of the post-grad life.

But along with that comes financial responsibility. Developing bad money habits straight out of the gate could hinder your ability to build wealth throughout your life. Below, check out 3 of the biggest money mistakes she sees recent college grads make, and how to avoid them:. Having credit card debt is never a good thing, but falling into the rabbit hole just as you begin your professional life can have lasting consequences.

Chances are, retirement is the last thing you’re thinking about on the first day of your new job. As far as benefits go, you’re probably more concerned with the gym membership discount or the generous vacation policy. And that’s fine, but the k plan could actually be the best benefit your company.

Still, many young people don’t take advantage of a k because they don’t understand how it works. That money is taken out of your paycheck before you even mmoney itso the earlier you set up a contribution, the better, because you won’t miss the money if you never had it. When you’re young, it’s not so much about how much you put into your kit’s more about when you start so that your money has time to earn interest and grow into more moneyand how often you contribute.

And if your employer offers to match the money you put in, Perry says you’d be «foolish» not to contribute. The unfortunate reality is gradss an increasing number of college grads are drowning in student debt. But paying back that debt is unavoidable, no matter collegee long theiir put it off or pretend it doesn’t exist. Perry says she often sees recent grads start a new job or sign an apartment lease without factoring in student loan payments.

Student loans should be one of those,» Perry said. Account icon Gtads icon in the shape of a person’s head and shoulders. It often indicates a user profile. Login Subscribe. My Account. World globe An icon of the world globe, indicating different international options. More College grads make more money in their lifetime Icon Circle with three vertical dots. It indicates a way to see more nav menu items inside the site menu by triggering the side menu to open and close. Credit Cards Credit card reviews.

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Ignoring your company’s 401(k)

It may not always be that simple, but it all starts with your college education. Earning a college degree is such an important step in life that it has become a central part of the «American Dream». Which ever educational path students choose to pursue, one thing is clear, they must be better prepared to face an increasingly competitive job market and turn morw college education into a winning proposition. What Holzer calls the «new middle» includes such health care jobs as X-ray technicians and phlebotomists, as well as computer-controlled manufacturing and some office occupations, like paralegals. Read more: Apple, Google, and Netflix don’t require employees to have 4-year degrees, and this could soon become an industry norm. Follow Us. Companies tend to recruit more broadly for high-skilled jobs than for low-skilled work. Cook isn’t the only one encouraging people to think beyond a bachelor’s degree to find a good job. For most people, the ability to earn more money is the driving force behind going to college. It is seen as an llfetime that will bring grade rewards, not maje to the employee, but to the company as. A study produced rheir the Employment Department for the state of Oregon corroborated the findings published by GPPI — job opportunities for nursing, engineering and computer science majors were substantially greater than those who majored in architecture, arts, and related fields. Of course, a college education is about more than just securing a job and a steady income. While the answer to the dilemma seems very straight collge to most — earn a degree in a field with high earning potential — some argue that the answer isn’t so simple.