How do you transition into the new graduate paycheck and keep from getting yourself into the same financial problems before you graduated from nursing school. I can see how you would want to spend, spend, spend and soon will find yourself back to point A. Any advice on how to prevent this?
Angie
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February 10th, 2009 at 11:58 pm
How about pay all your required bills first (rent, food, gas, utilities, insurances) save 20- 30%, and only spend what you have left over and use CASH-NO credit cards! There are a lot of internet resources to help you set up a budget – then just stick to it.
February 11th, 2009 at 3:16 pm
Luckily I make more than enough to cover my bills and still have plenty left over. My advice: pay your bills first, then see what you have left to work with. Get rid of all credit cards if you can and just spend what you have. If your job offers a credit union membership or a 401K plan, start putting a little away each paycheck.
February 25th, 2009 at 1:09 am
pay the bills and yourself before the Bar tab and before you hit the mall.
February 25th, 2009 at 4:33 pm
I’d recommend that you set up a reasonable amount to be taken DIRECTLY from your paycheck for a savings account, or contributions to a retirement plan (the latter comes out in PRE-tax dollars, btw!) Trust me..if you don’t see it, you don’t miss it and you CAN’T spend it. Pay yourself first…in 20 years, you’ll be glad you did!
March 3rd, 2009 at 11:42 pm
If you had spending/debting problems before you earned a nurse’s salary, getting a bigger paycheck may not solve them. Debtor’s anonymous, a 12 step program entirely about money, has helped me and continues to help me remake my financial habits.