How to Make It Work Between College and Your First Job
After graduation from university comes the real challenge of responsibility. For some students, this usually turns out to be a challenging time as they have to organize for payment of all the student loans and expenses they took up during their time at the best residence at York University.
Students often find themselves between a rock and a hard place especially when they don’t have a job and the parents are not willing to continue covering for their expenses. So how do they survive?
If you are in such a situation, just follow these tips:
Create a budget
Make an operational budget that will help you cover all the daily expenses you may have from utility bills, rent, food to phone and car payments. Ensure to have constant access to the Internet and to your phone so that you can look for a job. Where possible, ask your parents to help you cover some expenses as you continue with your job search. It is always advisable to stick to the budget to prevent more debt.
Continue working if you had a job
It is wise to stick to that part-time job that you used to work when you were still in college until you find the right job. This way, you will be able to cover the basic expenses and it will be much easier to find another job along the way. If you didn’t have a job while at college, let your focus be on finding a seasonal/part-time job, as your dream job search continues. Consider internships as they are great for building a job experience and don’t worry if you have to juggle several part-time jobs as you look for a more permanent solution.
Broaden your job search
Don’t just look for jobs in your area, seek jobs in both rural and urban areas and ask for help from friends, parents, and school to find one. Additionally, make use of any job fairs that may be in your location to see if you can find an opportunity that suits your needs.
Move in with your roommate to share living expenses
It is unfortunate that some students have to go back home because they couldn’t find a job after graduation. With a good budget and precise plan, especially while still working that part-time job, you may not have to move in with your folks. Instead, you could move in with a roommate and share those expenses. All you will require to do is have a clear set of guidelines on chores and roles in the house and you will be all set.
Don’t rush, wait until you get a job
Don’t rush to make any major financial decisions in your life until you get that job. Avoid moving out, buying a car, leasing items, and using credit cards to prevent additional debts. Since you have got only six months to pay up that student loan, it’s advisable to have a financial plan in place immediately you graduate to ensure that you are able to cover all expenses and to pay up the loan.
So get your plan in order to avoid financial hustles that you might regret.