For All Those Who Are Graduating and Those That Aren't

It is a little off topic but the WSJ has a good article for everyone that is graduating this year. With the sudden change from being poor to actually receiving a real paycheck, many college graduates get into trouble. This is about the time when recent grads are inundated with credit card offers and then are tempted to buy flat screen TVs and go on vacation with this new found credit. This article points out that with a little dollar sense all of these new luxuries can be enjoyed as well as setting yourself up for a comfortable retirement. Believe it or not, as soon as a student graduates, retirement planning should be added to their budget. Employees should always take advantage of the companies 401k program and full advantage of any company match. With the time value of money and compounding the money that you put into retirement savings now will be worth much more later.