The New Grad's Guide to Staying Out of Debt

Graduation means school's out, but also that life lessons arenow in session. Learn here how to avoid hidden checking account feesthat could be already creeping into your former student account, andother vital money management information.
By MainStreet Staff ,

As soon the mortarboard goes airborne, life for a college graduate is never the same. School's out and for most that means repaying student loans, renting a first apartment and experiencing other new (and expensive) trappings of young adulthood. Think Econ 101 taught you enough about finances? The school of real life might inform you otherwise.

"When young people come out of the 'cocoon' of college, they usually have no idea how much it actually costs to live," says Christine Hassler, life coach and author of

20 Something Manifesto

"All of a sudden they are faced with things like health insurance, taxes, car payments, higher rents and other costs that come with 'the real world.'"

For some the "real world" will mean cashing a signing bonus and picking out new suits, for others, packing up mom's minivan and moving back to their childhood bedroom. But no matter where you and your diploma are headed.

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MainStreet's

1st part in this 2 part series of your roadmap to financial well-being.

This article was written by a staff member of MainStreet.com.

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