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Showing posts with label money. Show all posts
Showing posts with label money. Show all posts

Over the past week or so, I've been discussing the transition from college to the real world with several current and past students from my alma mater. One of my friends expressed anxiety as she approaches the transition. Another friend expressed how difficult it was for her post graduation to move on and began working. My boo's parent expressed how difficult it is for recent graduates who are expected to pay their student loans on entry level salaries.  As I had these conversations I knew I had to write about how I personally transitioned from class to corporate. 


The beginning of spring semester I was absolutely terrified of graduation. I was under the impression that I would have an internship in philadelphia for the summer for the beginning half of the semester and then I discovered the internship was given to someone else. I was devastated. I drove my friends crazy trying to put together every little piece of my future. I had to have a plan. 

I must of applied for 20 jobs or more pre-graduation and went on 3 interviews that were all unsuccessful. Other seniors I knew began to get offers who had less experience then I did and I got really discouraged. Graduation quickly approached and I prepared to move out of my apartment and back into my parents' house. I had built an entire life in Reading, PA that I had to give up and move back to a place that I had nothing established in. I didn't have a job, car, friends, or money saved at home. 

Graduation was the best day of my life. As I looked out at all my families from SGA to my sisters in Alpha Delta Pi. I felt so loved by everyone in the crowd. It was amazing to see everyone who was instrumental in my success. As I walked across the stage that day, I smiled at my family and I knew that I had picked the perfect place for my undergraduate education. I couldn't of asked for a better experience. 

Life took an unexpected turn when I had to be admitted to the hospital for a routine procedure gone wrong. To make things worse I entered the hospital on my birthday. I was so discouraged, but my spirits were raised when I got a phone call for my first job interview. Little did I know that this would be one of many interviews, all would leave me disappointed and unemployed. I finally started working for a local hospital in food service based on my past managerial experience. I was so happy to be employed, but hated being in food. After three months of being employed part time at the hospital, I prepared for
my student loans by searching for a second job. Instead of a second position, I found a job as a marketing assistant around the corner from my current job. How ironic? I'm in love with my job now and have gained so much experience. My company is small which allows me to learn many different skills and act in different  positions. 

I'm now seeking a second job to pay for my crazy loan bills and save money. At the end of the day, I can't complain. I am blessed. I know many people who are still working retail or haven't been able to find a position making enough money to afford their loans. Even though it's difficult, my problems are solvable with hard work and discipline. I'm telling you this because post graduate life can be discouraging at first. Applying to jobs and getting turnt down or not finding a positioning your field can be hard to handle. You may feel like giving up. You may reminisce and want to go back to your college days.

Don't look back. Press ahead. 
The biggest mistake you can make is thinking that what's behind you is better than what's ahead. College was a building block to opportunities. These opportunities wouldn't have been available to you without your degree. Know that those four years weren't in vain and whatever you're doing now  is a building block to bigger and better things. It's okay to be broke in your twenty's because you're establishing yourself. My biggest advice to bony graduates and further graduates is: 

1) getting a job is a job. You'll only get out of it what you put in it 
2) don't fret at small beginnings, they make big endings 
3) Work hard. Save your money. Don't forget to have fun. 
4) memories are okay. envy is not. 
Remember college, don't be envious of those who are still in college 
5) Grow. 
Even after six months you won't be the same person and that's okay. You're officially growing up. 
6) no matter what look towards the future and not at the past 

-amb 


i love getting Dunkin Donuts in the morning or stopping by the local bagel shop for a egg everything bagel toasted with cream cheese. 

reality is these small purchases are depleting my bank account. do you know how much a $5 a day breakfast adds up to for the month? let me break it down: 
$5 a day x 5 week days = $25 a week on breakfast only 
Okay that wouldn't be so bad if I was just eating breakfast out....but I the only thing I love more than breakfast is lunch lol 
$9 a day for lunch x 5 week days = $45 a week 
So, I've been eating up $70 a damn week?!?! That's a lot of cash! 
with that money I could of purchased a pair of shoes, jeans, booked a hotel, purchased a gym membership, filled up my gas tank twice, or purchased several bottles of alcohol. basically ten minutes of greasy satisfaction has been costing me my social life so, this week I am ending my relationship with
fast food breakfast and lunch. #1 it's horrible for you health wise #2 I'll gladly take the extra $140 a month back 

I urge you fellow graduates to take a look at your current expenses. What are you spending the most money on? Is the money truly money well spent? 

Think about how much you could save or all the bills you could pay off early. Repurpose your money today :) 

-amb 


Click the link below to check it out >>>
Forbes Article

Here's an article from Forbes about money issues that come up after graduating from college. This is extremely timely for me because I'm about to begin my first job as a college graduate working full time in the big girl world. One mistake that young people make is not thinking realistically about money. We don't take into consideration how much it will cost for our daily expenses or living costs.
I know, personally, I didn't realize how much money it takes to live on your own. It wasn't until I realistically priced an apartment that I realized how difficult it would be for me to maintain one directly out of college. Unless you want to live with an apartment and that is all, you will have no money. Sometimes you can have just an apartment and STILL have money. Why? All the hidden expenses. You can't live in an apartment without heat, air, insurance, electricity, or savings. You really need three months of rent saved before you're prepared to move. 
I say all of this to say: as you begin working after college, you need to budget. 
I'm now working on a template for my monthly budget. I have monthly bills for loans, a credit card, and I'd like to purchase a cell phone separately from my parents. I need to record and track these expenses. I need to track my pay checks. It's important to know how much you make, how much is deducted for insurance, and how much you're contributing to your 401K. Some of you maybe thinking: retirement? This early? Yes. The sooner that you start, the more you have. Plus, most companies match your contribution or a portion of your contribution. Why not take advantage of that? 
Outline your expenses. Allot money for EVERYTHING. Not just the big bills, but the small expenses. For example, I can think of something to buy with every paycheck I make lol. So, I'm planning on allotting a certain amount I can spend on the desires of my heart. The basis of my budget is as follows: 

10% to God 
10% to Savings ( for the next couple months before my loan payments kick in, this will be increased)
80% to live on 

The 80% will be divided as well. I'm going to determine how much I think is acceptable to spend on entertainment( movies, dinners, nights out). I also am going to budget for gas and car related expenses  when I start driving at the end of October. There's so much more, but I won't bore you. It is essential to take everything into consideration.

The reality is 70% of Americans live paycheck to paycheck. I have no desire to work 40 hours a week and still be broke. How do we prevent this? Dumb logic would say "Well if you make enough money, you won't be broke" No. If you're a good steward over the money that is supplied to you, you won't be broke. You could be making $80,000 a year, if you don't manage it well you'll be left with zero. Make a plan and work your plan. ( When I find a budget template I like, I'll post it!) 

Be money smart :) 

-amb 


 Whenever I see great articles, I love to share them. 


Here's an article from Campus Philly about How to Master a phone interview: 

Click this link to read the entire article ---> http://campusphilly.org/2013/07/25/how-to-ace-a-phone-interview-for-a-job/

Campus Philly is an awesome resource for many things from upcoming job fairs to fun events in the city of Philadelphia.
I often see updates about free concerts and seminars on their site. I really like that they do a list of the top five 
internships in the area.
If you're in the Greater Philadelphia Area,check 
out Campus Philly!

Another great article was on LinkedIn about how to discuss compensation during job interviews, I know a lot of people struggle when it comes to brining up money but, this article gives a lot of wonderful and real tips. The author holds nothing back lol 
Click the link to read ---->>> http://www.linkedin.com/today/post/article/20130731192028-52594-how-to-bring-up-salary-on-a-job-interview?trk=tod-home-art-medium_0&_mSplash=1

Most of us use LinkedIn for a professional online profile, but it's an excellent resource for informative articles.
 I always check the news section when ever I log on. 
Executives from large companies often contribute to the site and write features so, you can get advice from someone 
with experience. 

That's all for today folks! Just sharing some information, remember knowledge is power!! 

-amb