Once the new graduate has a job, it's time to develop a financial plan. They have bills (if not, soon) and they have income, and it is important that they begin to realize their financial limits, based on what they earn. Also, they may have to quickly make some decisions at the new job regarding medical plans and health insurance, life insurance, disability insurance, and retirement savings. It is important that the graduate take the time to review this website and other resources to learn as much as they can now about finances. This will help them avoid some potentially disastrous mistakes, and get ahead financially much quicker than others not so well informed. Make sure that, as part of this education, the graduate also develops a budget. Capturing and itemizing all their bills and other expenses in the budget will provide a tool for tracking expenses, paying bills, and understanding cash flow (incoming versus outgoing), a very difficult concept for those that haven't learned the most important financial lessons.