When college graduates enter the real world, they face many financial decisions without proper training. This article argues that a financial advisor can help recent graduates navigate important financial issues like student loan repayment, budgeting, and retirement savings. A financial planner can help new graduates avoid poor financial habits and ensure decisions made in their 20s don't negatively impact their long-term finances. With a financial advisor's guidance, college grads can create a budget and prioritize financial goals like paying off debt or saving for big purchases.

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Why College Grads Should Have A
Financial Advisor
by brett ngerhut | May 11, 2018 | Brett Fingerhut
When college graduates are thrust into the real world, they have to make a lot of nancial
decisions. Consulting with a nancial advisor can help make these graduates’ decisions
much easier, especially when dealing with issues they weren’t taught in school.
Many college graduates don’t know if they have the nancial skills necessary in the real
world.
A nancial planner can help graduates navigate the many nancial rsts that they will have
to experience, and start on the right path. As a young college graduate, poor nancial
habits haven’t been established yet. A nancial advisor can help graduates gure out their
money paths, rather than experimenting with trial and error. Even decisions made in his or
her 20s can have a lasting impact on an individual’s future. A planner can help consult on
decisions so that they don’t have a lasting negative impact on the future.
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With a nancial advisor, there can be a plan to pay down student loan debt. Many recent
graduates have more student debt than any other generation. Student loans are confusing
and can take a huge chunk out of new paychecks. A nancial advisor can help see if loans
can be deferred, or if there are payment option plans.
With new nancial responsibilities and hopefully more income, individuals need a budget.
A nancial planner can help work with the graduate to create a budget that makes sense
with their income, lifestyle and existing debt. Many new grads don’t have a budget and
don’t have savings to cover any nancial events. Since most new grads are earning a bigger
income than before, they may be tempted to go out and spend on things that are
unnecessary. Creating a budget can help them make better nancial decisions.
With a budget, it’s easier to prioritize nancial goals, whether that’s paying down student
loans, saving for a home, or another expense. Each individual is di erent, and the right
planner can help work with the individual to gure out the right course of action in order to
achieve these priorities.
Saving for retirement may be the last thing on a graduate’s mind, but it’s important to save
and invest as soon as possible to have payo s later. A nancial planner can help with these
decisions, which can be overwhelming.
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