Top 5 Tips for Staying Afloat Right After College

Got these tips courtesy of www.ResQDebt.com, and I think they have some great ideas for new grads staying frugal!

Make a Budget… and Stick With It – Knowing what you spend your money on is the first step to spending less. Building a budget helps you prioritize your needs and manage your money effectively. Don’t know where to begin? Check out free online budgeting tools like www.mint.com and www.budgettracker.comto help you get started.

Just like new -- If you’re just starting out you probably have some basic home needs (microwave, couch, lamps) but that is no reason to break the bank. eBay and craigslist can help you find basic home furnishings that are very inexpensive compared to stores like Sears. There are sites like Swapthings.com where people like you are looking to trade in their stuff; and don’t forget to ask your parents if they have anything lying around they would like to donate.

Trim your tech – Take a look at your cell phone and cable bills. Are you using all of those minutes you’re paying for? Do you really need The Documentary Channel on demand in HD, or can you just watch it on Hulu? Cable and phone companies are notorious for overcharging. Get rid of what you don’t absolutely need.

You swore you’d never go back… -- While Barnes & Noble offers fresh new books and a very average latte, there’s no reason to pay $20 for what you can get at the library for free. Libraries or $1 movie kiosks are also an inexpensive way to rent movies instead of shelling about more than $10 at a movie theater, not to mention the money you save on popcorn.

They’re so proud! – While your parents are still basking in the pride of your recent graduation, take advantage of their renewed love; grace their home with your presence until you can land a steady job and save some money. It’s easier to prepare for interviews when you’re not worrying about rent, not to mention your mom’s cooking is probably a lot better than the Easy Mac you were planning on having for breakfast, lunch and dinner.

Tips courtesy of www.ResQDebt.com.