You’re Done College, Now What?
Congratulations, you’ve graduated college. Your reward… A pile of college loan debt that you can’t even begin to imagine how you’re going to ever pay it back.
Leaving college and starting out in the real world is hard enough. Having a ton of college loan debt does not make things any easier. Now you have pressure to get a good paying job to make a dent in your college loan debt. Imagine what it would be like to not have to worry about college loan debt. You could work pretty much anywhere you want for free or little money until you could prove yourself and get a good paying job doing something you love. Instead, with college loan debt hanging over your head you end up taking the first job that will pay the bills. While this is what you need in the short term you are hurting yourself in the long run.
What’s the answer? How do you put yourself in a position to be able to stick it out a low paying job with potential than a higher paying job that will lead you nowhere?
The answer is to minimize your monthly bills as much as possible. Easier said than done. This involves sacrifices but will leave you ahead of the game down the road.
Here is the best tip: Don’t Live On Your Own
Sure this would be great. The problem is you are splitting the rent with yourself which doesn’t help. Find a roommate, the more the better. Sure this will suck but you are bound to have some good times too.
Even better: live with your parents if they will let you. Again, sure this will suck but think of the amount of money you can pack away towards your college loan debt. Not only will this eliminate rent, it will also eliminate all of your other bills.
By reducing your rent you can afford to work at more entry level positions in companies that you love to work for to prove yourself. It also enables you to put more money towards college loan debt.
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