College will be the last time you will receive special treatment.
One thing that I realized after college are the sheer numbers of progra
ms, services
and internships that are catered to university students. Once you gr
aduate, all these
services are no longer available to you and you have to compete the hundred of
thousands of people for the same job. There are no internships after college
, you
need internships for experience and even entry level positions require ‘ex
now. You are now just like everybody else.
Chances are you will not work in a job that you majored in.
Which leads me to number two. Most of us will not be making a living in a job th
at is
related to our majors. There are reasons why you can’t get employment from your
field of study. Some of the more common ones are:
There’s only a few companies/organizations that offers something similar and
they’re not hiring.
Unwilling to relocate to another area that does jobs similar to your field.
They don’t pay enough
You are not competitive enough to win this positions.
Most people have zero knowledge of financial management.
Despite the fact that we have a bachelors degree in our field of study, there i
s an
alarming number of people with very limited financial education. There ar
e people
that have good jobs with good wages struggling simply because they accrued too
much debt while in school or shortly after graduation. Often times I hear t
saying that they don’t know where their money goes . which is very alarming
to say
the very least.
You will have a better understanding of your parents.
For the first time in my short life, I am becoming a contributing part of soci
ety. I also
quickly realized just how expensive living is. Bills and expenses ta
kes up half of your
pay and by the end of the, there is very little left for you. Factor in the fac
t having
kids and getting things that they don’t think need, there just isn
‘t very little left for
yourself. Personally speaking, although i can’t repay what they
have fore me, but at
least i can tell them I understand.
The fear of freedom.
For the very first time, we are left without guidance. We can do what we want and
build a path that suites us- or so we though. Many of us still choose
conformity and
the well-traveled road. You have probably met these people already: always
complaining about their jobs about how much they would rather do something els
But deep down they know they would never quit because the money is too good or
they are not willing to take a pay cut to start over.
OK Mr. negative, that was pretty harsh and depressing. So what’s the poi
nt then?
Simple: We have a lot of growing up to do still. The ‘real world’ is pretty scar
y and the
school doesn’t prepare us for it completely and it is up to us to fill in the
gaps. We have
been spoon fed and handheld for a little too long. If you’re still college
, make sure you
get that internship (I will also make top 5 things to do while in college la
ter on),
If you’re still in school, position yourself to get into the best interns
hips possible that
will set you up for a career.
Don’t rush into a job just because it’s available. If the market allows it,
take a little
longer to find the job that you’ll enjoy. If that’s not possible and you
need the money,
continue to search for your position while you’re working and make th
e jump.
Hopefully by now you know how to balance a checkbook, assuming you know wha
t a
checkbook is. If you don’t use checks, at the very list have a general idea of wh
ere your
money is going. Major banks have online features that does the job for you and hel
p you
break down your expenses, and you should follow simple rules on learni
ng how much to
save into your short term emergency fund, your vacation fund, and your reti
fund. Yes, you should talk about retirement unless you want to work ti
ll the day you die
beecause you didn’t save anything. There are plenty of internet sites tha
t teaches you
these things, heres are some that I personally liked.