Last week it was career guidance… now it’s time to help new college graduates manage their finances. (This advice can also help those who are restarting at any point in their lives.) These five steps should help form long lasting, good habits and begin the process of taking control of your money.

Step 1: Track your spendingUnderstanding where your money goes is the cornerstone of financial planning. It can help you determine how much money is available to accelerate debt paydown and to save/invest.

Start with your take-home pay (after taxes and deductions), then itemize essential expenses (housing, food, transportation, utilities, loan payments) and then account for your fun spending (eating out, entertainment, travel, streaming). There are plenty of apps that can help you out — the trac

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