I Just Got Out of College: How Do I Spend My Money and Not Be a Failure?


Increase income, decrease expenses.

That is the golden rule.

Everybody is in a different situation after graduation, but it’s very likely that you’re about to have a whole new set of expenses very soon. Expenses such as rent, paying back your student loans, car insurance, dog food, etc. All that costs money, and if you don’t want to be living out of a box with Rover fighting over the last dog treat, then you also need some income streams.

Don’t be afraid to rely on family

  • Never let pride get in the way of a free place to stay and food on the table. In some cases, such as physical and mental abuse, you have to leave. But otherwise never turn down something that could save you thousands a month just because you want to act out the remnants of your late teenage rebellion. 

Get a job

  • You need a steady amount of income at regular intervals. For most people, this comes in the form of a job. You provide a service for monetary compensation. It’s pretty neat. Assuming that you have a degree, go slap on some makeup and whore that resume out. If you don’t have a degree, well, that just means you can do the same without having all that debt to pay back. 

Invest in retirement

  • If you’re in your twenties, you’re old enough to start socking away for retirement. Yes, even if you won’t need it until you’re old and feeble. Especially those 401ks, which are essentially free money.

Spend only on the necessities

  • That means shelter, food (the healthy, cheap variety), Netflix, and other absolutely necessary living expenses. No, your $200/month unlimited everything phone plan is not vital to your survival, unless you’re an investment banker or something. In that case, I’d question why and how you have time to browse my blog instead of catching some Z’s in the office bathroom.

Don’t fall victim to lifestyle creep

  • So you got a great job out of college or finally landed the position of your dreams after a few years working entry-level grind. You have an income you’re happy with and it’s finally time to let loose right? You can buy some of the things you’ve had your eyes on for a while.
  • No. This is one of the major pitfalls of adult life.
  • If you think the more you earn, the more you can spend, you’re going to have a rough time keeping up with the Johnsons. This is your chance to save, whether it be for a rainy day, for retirement, for a house and family, whatever. Would you rather put off your longterm goals for a few extra beers at happy hour?