I was reading this article, "Financial tips can help new college graduates," which was published by Eileen Alt Powell of the Associated Press. It discussed how a recent grad's spending was out of control at one point, as she was trying to furnish a grown-up image.
I think some grads are a little more practical. They realize that their first apartment out of college will look similar to their dorm room and may very well include blow-up furniture.
One thing in the article that was interesting is that the girl in the article started a money club dubbed "Smart Cookies" with a few other friends that was based on the "debt diet" by Oprah.
And poof--I'm thinking this group is out of debt now, as they've published The Smart Cookies' Guide to Making More Dough, which will be released in September. Check out their site at http://www.smartcookies.com. (There are some useful tools for money management!)
From the article:
"Hanna's biggest piece of advice to those graduating this year is to overcome the tendency to keep money matters totally private.
"Stop trying to fake it, and have a serious money discussion with your friends," she said. "Everyone will breathe a sigh of relief, because you'll find that you're not alone, that everyone is facing the same money pressures you are."
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