The Top Personal Finance Tips For Recent Graduates; From 10 different Finance Experts

iStock_000012942881XSmall“Learn to live within your means right out of the gate.” – Manisha Thakor, CFA

Manisha has an MBA from Harvard and serves as a Financial Fellow at Wellesley College. She runs MoneyZen Wealth Management, and has a financial blog geared toward helping women master their finances

“How we handle our money early in life can impact us in future years- for example, young adults who rely on credit may find themselves continuing this pattern throughout life and consumed with debt.” –Kimberly Foss, CFP, CPWA

Kimberly Foss is the founder and president of Empyrion Wealth Management Inc. She is passionate about working with women in transition (widows, divorcees) as well as small-business owners, pre-retirees, retirees, Generation X and Y, and all the people in between.

“If Gen Y expects a similar lifestyle to their parents, they need to be consciously tackling their debt, managing spending habits and preparing for their financial future.” –Andy Josuweit,

Andy Josuweit is the CEO of Student Loan Hero, which helps students to organize, manage, and repay their student loans.

“Did you know that one of the biggest barriers to financial success is organization? That’s right, it’s that simple.” –Kimberly Palmer

Palmer’s Planners is a series of financially-themed planners to help you navigate life events and goals. Kimberly writes books, columns, and blogs; you can sign up to receive her newsletter too.

“Concentrate more on saving than investing. It’s a lot easier to save your way into a secure future than to invest your way there.” –Tom Brakke, CFA

A consultant, writer, and investment advisor, Tom specializes in investment policy strategy.

“From Day One, it is crucial to set aside some portion of each paycheck toward a retirement account.” –Rafael Pardo

Raphael is a professor of Law at Emory University and specializes in bankruptcy and commercial law.

“My advice today to young graduates and those beginning their careers is slightly more complex. Two words: ‘Human Capital.’ We usually think that wealth is built through money management, but just as important is the management of another sort of capital- namely, the education, training, skills and experience that an individual brings to the workplace. These resources require investment, monitoring, rebalancing and diversification throughout one’s life to produce the highest possible risk-adjusted returns.” –Eleanor Blayney, CFP

Eleanor is a Consumer Advocate and helps consumers take control of their personal finances.

“It’s better to save a minimal amount than not to save anything.” –Charles Rotblut, CFA

Charles is a writer, editor, and speaker. He is the vice president of the American Association of Individual Investors and authors a weekly Investor e-newsletter.

“Nothing helps you sleep better at night than knowing you have money tucked away for a rainy day… The best way to get this habit started is by having money directly deposited from your paycheck into a dedicated savings account.” –Greg McBride, CFA

Greg McBride is a senior financial analyst and vice president at He is known for both in-depth commentary and practical advice for consumers.

“You should be laser focused on getting rid of any student loans or credit cards. Start an aggressive debt payoff schedule. Debt is your enemy, so don’t get comfortable with holding on to debt.” –Michelle Perry Higgins

Michelle is a financial planner who specializes in wealth management. She is also a mentor to college students entering the financial planning profession.


Bio: My name is Kevin Watts and like millions of people I am in student debt. I have created Graduating From Debt, a site aimed to help people, as well myself get out of debt, gain financial freedom and ultimately make money work for you.


The Top Personal Finance Tips For Recent Graduates; From 10 different Finance Experts — 7 Comments

  1. Great advice. I love the point about expecting a certain lifestyle. No matter where we come from, there’s very little in life that’s simply handed to us. Even the most fortunate of us can blow it all with bad habits. If we want a certain lifestyle we have to figure out how to work to get it.

  2. When you are a student you are used to living lean so it is easier to keep doing so for a few months or a year than trying to live it up and paying the price for years afterward.

Leave a Reply

Your email address will not be published. Required fields are marked *

I appreciate your readership and really enjoy hearing your thoughts on different topics. Thank you for contributing to the discussion.