From Books to Briefcase: Preparing for Your Financial Future, Post-graduation

FROm Books to BRiefcase PrepaRing foR your financial future, post-graduation Cleaning out your backpack V Switch student bank accounts V Revlew Credit card contracts fOR changes v Review student loan Repayment guidelines V Research student loan consolidation. 35% of students BORROW Money to pay fOR colleğe 25% use federal loans only 1% use private loan's only Average loan debt $26,000 9% mix federal and private loans You should be saving about 10% of yOUR income each month CReate ahousehold budget Check youR CRedit * 8 - 12 manths of expenses in case of Decide on your financial goals unemployment Make a plan tokeep debt minimized * 75% of yoUR annual Income for eachyear of Retirement Start saving FORR Retirement andyour future * 20% down payment for youR fRst house witha traditlonal mortgage Average salary witha Bachelor's Degree in 2013 is $44 28 Beef Up Your BRiefcase, Slim Down Your Budget If you are unemployed or underemployed, you can use the following techniques to save money and impRove youR Outlook. * Use social networks to find new employment resouRces * FReelance to show youR skills/build a professional pORtfolio * Volunteer to get your foot in the door at a nonprofit * Get a part time job to supplement your income * Move back home with your parents to save money * Shop AROund foR low Rates on cellular service and utilities 1234567890 * Review youR insuRance payments to see if you can save MC * Don't use Credit until you have the income to afford the bills SoURces: [I National Associlation of Colleges and EmployeRs, 2012 SalaRy SURvey [2] Institute for College Access and Success [3] Federal Reserve [4] Sale Mae 2012 How America Pays fOR College Study CONSOLIDATED CREDIT COUNSELING SERVICES, INC. m When debt is the problem, we are the solution. Filling Up Your Briefcase XX X