Recent Grads Should Keep Tabs

I remember getting my first paycheck after graduation. After years of working part-time and having to move back in with my mother for graduate school, I was officially independent. I was an auditor for Ernst & Young and that paycheck was more money than I had ever seen in one lump sum.

To celebrate, I took my friends out and picked up the bar bill. Then next morning I woke up hung over and broke.

So while that never happened again, the tendency for young employees to blow their paychecks on frivolous stuff is clearly there. ...