Comments on: Career Planning After Your College Graduation http://studenomics.com/new-grads/how-to-survive-your-first-year/ Sun, 14 Mar 2010 00:55:42 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: The Smart Passive Income Blog » Blog Archive » Happy Thanksgiving Link Special http://studenomics.com/new-grads/how-to-survive-your-first-year/comment-page-1/#comment-11584 The Smart Passive Income Blog » Blog Archive » Happy Thanksgiving Link Special Sun, 27 Sep 2009 07:55:29 +0000 http://studenomics.com/?p=121#comment-11584 [...] How to Survive Your First Year by Studenmonics [...] [...] How to Survive Your First Year by Studenmonics [...]

]]> By: Happy Thanksgiving Link Special | radCaptures http://studenomics.com/new-grads/how-to-survive-your-first-year/comment-page-1/#comment-226 Happy Thanksgiving Link Special | radCaptures Tue, 16 Dec 2008 22:44:37 +0000 http://studenomics.com/?p=121#comment-226 [...] How to Survive Your First Year by Studenmonics [...] [...] How to Survive Your First Year by Studenmonics [...]

]]> By: Studenomist http://studenomics.com/new-grads/how-to-survive-your-first-year/comment-page-1/#comment-47 Studenomist Mon, 24 Nov 2008 07:21:34 +0000 http://studenomics.com/?p=121#comment-47 Many people are in a situation where they are not able to live at home, however, if your parents allow you to stay with them then why not? If you live in a big city like me (Toronto) you will not find a bachelor apartment for less than $500 a month. Imagine saving at least $6000 yearly on rent, you could so much with that amount of money. Granted, most young guys will have the excuse of wanting to live on their own to bring back girls. Let's be honest, chances are you do not score every night. You are better off just renting a hotel/motel room a few times a month when do you want to spend an evening with a female friend. Many people are in a situation where they are not able to live at home, however, if your parents allow you to stay with them then why not? If you live in a big city like me (Toronto) you will not find a bachelor apartment for less than $500 a month. Imagine saving at least $6000 yearly on rent, you could so much with that amount of money. Granted, most young guys will have the excuse of wanting to live on their own to bring back girls. Let’s be honest, chances are you do not score every night. You are better off just renting a hotel/motel room a few times a month when do you want to spend an evening with a female friend.

]]> By: Pat with SPI http://studenomics.com/new-grads/how-to-survive-your-first-year/comment-page-1/#comment-46 Pat with SPI Mon, 24 Nov 2008 06:48:05 +0000 http://studenomics.com/?p=121#comment-46 It's totally cool to stay at home after College while we set ourselves up for success. It's amazing how much money can be saved. $500-800 a month for rent is a lot of money to save that could be put toward something other than an apartment complex's maintenance fund. I'm actually 3 years out of College and just moved back home because I'm getting married soon. Actually, my fiancee is doing the same. Together, we're saving over $10,000 which we'll put toward a home. It’s totally cool to stay at home after College while we set ourselves up for success. It’s amazing how much money can be saved. $500-800 a month for rent is a lot of money to save that could be put toward something other than an apartment complex’s maintenance fund.

I’m actually 3 years out of College and just moved back home because I’m getting married soon. Actually, my fiancee is doing the same. Together, we’re saving over $10,000 which we’ll put toward a home.

]]> By: Studenomist http://studenomics.com/new-grads/how-to-survive-your-first-year/comment-page-1/#comment-34 Studenomist Wed, 19 Nov 2008 19:44:05 +0000 http://studenomics.com/?p=121#comment-34 It is funny when you think about it, saving money tips sound foolish until you actually try them out. I always thought drinking coffee and eating at work was just a minor expense. When you actually cut both out you realize how much money you are able to save. Then you think about it and you realize how much extra money you have in your bank account to spend on items that truly make you happy (traveling in my case). As for the clubbing aspect, I love to go out once in a while with my friends and have a good time. Then on the other hand I have buddies who go out 3 times a week and then they complain to me, "how come you have so much fun when you are out." The answer is that by waiting to go out (hint: delayed gratification) I enjoy it more. It is funny when you think about it, saving money tips sound foolish until you actually try them out. I always thought drinking coffee and eating at work was just a minor expense. When you actually cut both out you realize how much money you are able to save. Then you think about it and you realize how much extra money you have in your bank account to spend on items that truly make you happy (traveling in my case).

As for the clubbing aspect, I love to go out once in a while with my friends and have a good time. Then on the other hand I have buddies who go out 3 times a week and then they complain to me, “how come you have so much fun when you are out.” The answer is that by waiting to go out (hint: delayed gratification) I enjoy it more.

]]> By: Maureen http://studenomics.com/new-grads/how-to-survive-your-first-year/comment-page-1/#comment-33 Maureen Wed, 19 Nov 2008 18:08:24 +0000 http://studenomics.com/?p=121#comment-33 I do exactly the same. I cut out silly coffees and lunches out so that I have enough for a wonderful experience abroad. Okay so this isn't what everyone's passion may be but I think a lot of students fall into the trap of drinking and partying to excess because university is labelled in this way. I think people who struggle financially in their first year should take a step back and really assess what they really want. Is clubbing five nights a week really making me happy? Do I even have time to club five nights a week? If your passion truly is clubbing then fair enough but there must be other parts in your life where you spend money that doesn't bring much in the way of satisfaction. If you cut back in that area then you will can put the savings towards your clubbing budget. In life you can't win financially in every way without some sort of effort or sacrifice at the beginning. Much like life your student years will show you that sacrifices need to be made to prevent a complete, financial meltdown. I do exactly the same. I cut out silly coffees and lunches out so that I have enough for a wonderful experience abroad. Okay so this isn’t what everyone’s passion may be but I think a lot of students fall into the trap of drinking and partying to excess because university is labelled in this way.

I think people who struggle financially in their first year should take a step back and really assess what they really want. Is clubbing five nights a week really making me happy? Do I even have time to club five nights a week? If your passion truly is clubbing then fair enough but there must be other parts in your life where you spend money that doesn’t bring much in the way of satisfaction. If you cut back in that area then you will can put the savings towards your clubbing budget. In life you can’t win financially in every way without some sort of effort or sacrifice at the beginning. Much like life your student years will show you that sacrifices need to be made to prevent a complete, financial meltdown.

]]> By: Studenomist http://studenomics.com/new-grads/how-to-survive-your-first-year/comment-page-1/#comment-28 Studenomist Tue, 18 Nov 2008 05:50:53 +0000 http://studenomics.com/?p=121#comment-28 I am a firm believe of taking a vacation at least once a year where I recharge my batteries. I usually travel to an all inclusive resort down south (Mexico, Dominican, etc.). I am able to do this because I set aside a specified amount of money every paycheck so that I have enough money in my vacation account to travel at least once a year. I am a firm believe of taking a vacation at least once a year where I recharge my batteries. I usually travel to an all inclusive resort down south (Mexico, Dominican, etc.). I am able to do this because I set aside a specified amount of money every paycheck so that I have enough money in my vacation account to travel at least once a year.

]]> By: AccountingElf http://studenomics.com/new-grads/how-to-survive-your-first-year/comment-page-1/#comment-27 AccountingElf Tue, 18 Nov 2008 03:56:56 +0000 http://studenomics.com/?p=121#comment-27 I like the idea of setting a "fun budget" so you don't feel guilty for not saving every cent, but there are still limits there to keep you from going overboard. I like the idea of setting a “fun budget” so you don’t feel guilty for not saving every cent, but there are still limits there to keep you from going overboard.

]]>