(TORONTO, ON) – College and university graduates are tossing their caps in the air and starting an exciting new chapter in their lives. Gone are the days of 8 a.m. classes and late-night cram sessions. They are starting real life with one thing on their minds – finding a job!
The first few months after graduation is an important time for young people as they try to find their way. Jeffrey Schwartz, executive director of Consolidated Credit Counseling Services of Canada, Inc., hopes they get off on the right financial foot.
“The first few months after graduation can be tough. Former students need to find an apartment, look for a job and possibly move to a new city. But, anyone can succeed if they have a solid plan and a good set of goals. And that starts with making good financial decisions” – Schwartz
Not all graduates are walking into the perfect job. There is a persistent problem with unemployment and underemployment among Canadian youth, an issue that the Toronto Star recently reported on.
Despite the difficulties, young people have their whole lives ahead of them. It is important to maintain a positive attitude and know that all of those years of studying will lead to a better life.
“Study after Study shows that higher education leads to success. So, have patience and know that good times are just around the bend. “ – Schwartz
Consolidated Credit has experience helping new graduates through this important period following graduation. Below are some tips for finding success after graduation:
· Get some money coming in – Getting a job, even if its part-time, is better than not being employed at all. A minimum wage paycheque will still help cover basic expenses. Now is not a time to be too proud
· Don’t give up – Young people should constantly be looking for a better opportunity. That first job after graduation should be just temporary as you look for a job with a better salary and a better future. Sending out resumes on a nightly basis, networking with friends and family, and consistently checking job listings are the only way you will find the right opportunity.
· Save money where you can – Their parent’s basement might not be what most of these young people had in mind, but it will cut down on their monthly costs. If that is not an option, consider sharing costs by living with a roommate, using public transportation instead of getting a car, and spending weekends at home instead of going downtown.
· Avoid debt – If you can’t afford it, don’t buy it. The worst thing to do is finance your new freedom with a string of credit cards. Getting into a financial hole is easy, but digging yourself out can take forever.
Even though times may be tough for new graduates, it’s not the end of the world. There are opportunities out there. It’s important for young people to keep looking and be proactive in improving their lives. However, during this period, it’s important to focus being frugal and saving money wherever possible in order to avoid starting life on the wrong financial foot.
About Consolidated Credit Counseling Services of Canada, Inc.:
Consolidated Credit Counseling Services of Canada is a national non-profit credit counselling organization that teaches consumers about personal finance.
For more information or to request an interview with Jeffrey Schwartz, please contact:
Eric Spence, Public Relations Coordinator, Consolidated Credit Counseling Services of Canada, Inc.,T: 416-915-7283 ext.1041, C: 416-731-5588, F: 416-915-5200, E: [email protected]<www.consolidatedcredit.ca