I don’t write about my other work on this site very much. Heck, I haven’t written much at all on this site in a very long time (I have an excuse). But this semester has forced me to think about my future constantly considering I’m deciding where I’m going to start my career. A lot of different stressors have come with that fact, the largest one being my personal finances. I’m going to have a lot of student loans to pay off starting in 2015, not to mention all the other expenses added on to being a real person. Insurance, rent, clothing beyond sweatpants, non-college drink prices being just a few.

It’s all pretty overwhelming.

For the past few years I have co-hosted a podcast called “How Not To Move Back In With Your Parents” with my friend Peter Dunn (Pete the Planner). We’ve worked with the IU MoneySmarts team to teach college students and graduates how to handle their personal finances. Now more than ever, I think this podcast and the work Pete and the MoneySmarts team do is extremely important. The first 1-3 years out of school will have a massive impact on our financial lives going forward. We can either kill it and be in great shape going forward (hello Bahamas retirement), or we can sink into debt and bad habits (not quite Bahamas… or retirement). That is why this is so important to me. Whether we like it or not, our personal financial decisions will ripple out into other areas of our life. It will affect the experiences we have, places we go, and projects we pursue.

So to my fellow seniors, I have a favor to ask.

Listen to the podcast, read the MoneySmarts blog, use the resources and calculators. PODCAST. RESOURCES.

Read Pete’s blog too. I personally have learned basically everything I know about personal finance through working with him and reading his material. He knows the all the technical and non-technical info you need. PETE’S BLOG.

This is all free material. There is no excuse for making a huge financial mistake due to lack of knowledge. Did you listen to the podcast or read the blogs and still have a question you can’t find the answer to? Ask any of us! Shoot us an email, tweet, hand-written letter, whatever. Feel free to leave a comment below or email me: alexreaton@gmail.com

I wouldn’t write about this or work on the podcast at all if I didn’t truly believe this stuff matters. The first step is knowing, and hopefully these resources can at least get you started in the right direction. You will never regret taking the time to correctly deal with your personal finances.

It starts now.

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November 20, 2014

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