Friday, December 15th, 2017
Starting out in life after school or tertiary education is an exciting milestone. It is one of the best times in life, with a future full of potential opportunities, without the responsibilities of dependent children to support and with few financial commitments. Anything is possible at this stage of life. However, it is also a critical time as making the wrong financial decisions when starting out can have long term consequences.
In the early years there is usually a bit of catching up to do, particularly for tertiary students. After a few years of living frugally, a new wardrobe of work clothes is a necessity, as well as perhaps a car, and furniture for a flat. Big expenses such as dental treatment and new glasses that were deferred in student days can’t be put off any longer. For the first few months it is difficult to save while all this catching up is going on. There is a danger that with all this spending, saving never gets to be a habit. Here are some tips to avoid making big mistakes:
Getting these basics right will set you on a good path for the future.
Enter your information below to receive all latest news, tips and advice from Moneymax, directly into your inbox.