Graduated From College But Financially Ill-Prepared

Looking back to the time when I just graduated from college, it’s simply amazing how little I knew about personal finance. I lacked the fundamental understanding of basic financial concepts, such as, budgeting, cash flow, credit, investing, etc. Frankly, I’m surprised I made it this far and has done this well.

But I was lucky.

Although I had no idea what I was doing, I was determined to get rid of my student loan and credit card debt — and all I did for the first two years. I lived a very frugal lifestyle and didn’t spend money on anything. Most of my paychecks went toward paying off these two debts.

However, that’s not how it should have been.

Ideally, I should have learned something while I was in high school or college — unfortunately, they don’t teach this essential life skill.

Very unfortunate.

Some good financial finds:

• 26 Life Lessons I’ve Learned in 26 Years of Living at Man vs. Debt – I mostly agree with the list. I always find Adam’s work amazing and inspiring.
• What is a good credit score? at Moolanomy – Learn more about this important financial concept as early as you can. Like it or not, it could impact your finances and life.
• 5 Dangerous Misconceptions People Have About Money at My Two Dollars – Great list to start with to help you improve your financial knowledge.

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