Career Advice

5 Tips for Financial Stability after Graduation

By: Jaya Seyyadri
Nov 16, 2021 • 4 min read

5 Tips for Financial Stability after Graduation

Congratulations! You’ve finally graduated college and are on your way to the next step of your journey into adulthood. Whether that means getting a job, applying to grad school, or something entirely different, most of it eventually relies on one goal – reaching financial stability. Read on to learn 5 tips on how to become more financially stable after graduation!

Develop a Stream of Income

The first step to financial stability, although seemingly obvious, would be to develop a steady stream of income. After graduating, it may take a while to get your first job in your field or major, or you might find one right away! Either way, you need to find other ways to sustain yourself. Working on a side hustle or doing part-time shifts are great examples.

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Start Saving Up

Although it might be tempting to spend the paycheck of your first “real” job at a fancy restaurant, some new clothes, or an expensive gift, the smarter and more financially stable option would be to start saving up instead. That being said, you shouldn’t have to give up your fun altogether! Creating a budget for weekly expenditures such as groceries, internet and electricity bills, transportation, entertainment, etc., can be a useful way to manage your spending to keep it at a minimum.

Here are a few great budgeting apps!


Pocketguard is a useful budgeting tool that works by connecting your checking, credit, and savings accounts altogether. It can detect recurring bills along with income and calculate how much is available for everyday spending. Through its automatic ability to categorize your spending, the app can be customized to fit your needs by allowing you to set limits for each category.


Mint is another great app that connects your financial accounts to help you track your bills and transactions all in one place. It reminds you when upcoming payments and when they are close to being due.


Instead of letting your savings sit in your bank account, why not use it to make more money instead? The first steps to getting started would be to open an investment account, set short-term and long-term goals, and decide how much money you want to start with to invest. Keep reading to find out a few different types of investment accounts you can explore.

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Individual Brokerage Account

This is the most basic type of investment account, which is flexible as it allows you to buy and sell investment vehicles such as stocks and bonds through licensed brokerage accounts.

Individual Retirement Account (IRA)

This savings account helps save for retirement and allows you to keep more money through its significant tax benefits. Although it is very useful in the long term, it’s important to keep in mind that there are rules in place for when you are allowed to withdraw money.


Similar to an IRA, a 401k is another retirement savings account that is provided by your employer. You can set it up to automatically contribute a percentage of your income directly to this account. One of the benefits of this account is that many employers match your contribution by a certain percentage as well.

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Pay off Debt ASAP

Although you have completed graduation, it is likely that you may still have some outstanding student loans. It is important that you pay off this debt as soon as possible to prevent interest from accumulating. Additionally, the same goes for making sure that you are paying credit card balances on time to prevent late fees. You can prevent this by setting reminders for yourself for upcoming deadlines and incorporating loans into your monthly budget.

Make Smart Decisions

Do you cook or eat out a few times a week? Do you live alone or with roommates? Some of the other ways you can save up money could depend on your lifestyle choices. To save money on rent and monthly electricity and internet bills, the best option would be to live with roommates so you can split expenses. Living with your parents until you’re more financially stable could also be an option! Other choices would be to cook at home more often than eating out, making sure you are ahead of the bills and paying back debt as soon as possible.

Best of luck on your journey to financial stability! You’ve got this.

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