← Real-World Finances 101: Smart Money Tips for Recent Grads

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By Janell Hazelwood | Published July 27, 2012 | Full size is 620 × 480 pixels

First, pay yourself: “As far as savings go, you want to make sure that you are paying yourself,” Boyd says. Set aside a fixed amount each month in a savings account. By making savings and investment a fixed expense, such as rent or monthly bills, it will make it easier to continue to save. “If you carve out ten percent of your pay from your first job and do that for the rest of your career, you will end up with a very comfortable retirement” he says.

First, pay yourself: “As far as savings go, you want to make sure that you…

Woman holding piggy bank