Congratulations on getting that undergrad degree! You’ve made it! … but, now what? If you’re like most recent college grads (or if you’re staring down the barrel of your graduation), you’re going to dive into the job market and hope for the best. But what if you don’t get hired right away? You don’t want to have to move home and live in your parents’ basement!
Get a few roommates. You thought your dorm room days were over but, but it may be cheaper to go in with a few friends on your first apartment. You might feel crowded but it will definitely help you save up some cash for your next place. To make life easier in a small apartment with a bunch of roommates, have everybody pare down their stuff. Imagine sharing a tiny little apartment in Orlando, FL; why not go in together on a local storage unit for all of those things that you want to keep but can’t fit into your new place?
Learn to Cook
Want to start saving money on food? Learn how to cook. Since you’ve been living on cafeteria slop and fast food for the last few years, it’s understandable that you may not be the best cook at this point. Spend some time watching shows on the cooking channel. Learn to read a recipe. Ask your mom or dad for help. Watch videos on YouTube. Check out recipe books from the library. Learning how to make your own food will save you a ton of money (provided your roommates don’t eat all of your ingredients).
Sell Your Car
If your town or city has public transit (or you can get around easily enough by bicycle), sell your car. Use the money from the sale to pay off any debt you’ve accumulated during your undergrad years and put the rest in savings. A monthly bus pass costs a lot less than car and insurance payments. Plus, you can use your commute time to read, catch up on news, or daydream. Now that is saving money!
Do Odd Jobs to Supplement Your Income
Your days of baby-sitting, mowing lawns, and pet-sitting, are far from over. In fact, you can use them to either supplement your entry level income or help you stay alive while you’re waiting for that coveted interview. You might also look into methods of earning money part time online.
There are all sorts of things that you can do to make your life cheaper (and more profitable) after you graduate. These are just a few of them. What have been some of your favorite ways to save money (and earn extra money)?