Recent grads ready to be on your own? GEICO’s here to help

By on June 6, 2013 at 4:01 PM

Posted in: Odds & Ends

Graduation season is wrapping up and the newly-educated are transitioning into being responsible adults. This can include getting a new job, buying a car, renting a new apartment and, unfortunately, adding on more financial debt.

Luckily, GEICO has created GEICO’s On Your Own, a website that addresses a variety of topics to help young adults tackle everyday financial decisions such as car buying, renting and managing their money.

For example, do you know the relative merits of buying or leasing a car? What about how to save money on auto insurance? Is it true that red cars are the most expensive vehicles to insure? (The answer is no.)

GEICO’s On Your Own also helps young adults manage grownup financial burdens like credit cards, and dangerous pitfalls such as identity theft. Want an apartment, but don’t know what to look for? GEICO provides tips on finding the right apartment and why renters insurance should be a necessity when renting.

Ready to be on your own, but don’t have a job? Don’t fret. GEICO is hiring all over the country, and offers college grads leadership opportunities through its Emerging Leaders and Supervisor Leadership programs. This way, you can start paying off those student loans and start saving for retirement at an early age.

What advice can you give young adults as they transition to be on their own? Let us know in the comments.

4 responses to “Recent grads ready to be on your own? GEICO’s here to help

  1. Mel says:

    Live within your means, pay your bills, and only leave a balance on your credit card for real emergencies!  If you do this from the beginning you won’t get stuck digging your way out off debt like so many others.

  2. John says:

    Echoing Mel’s idea, know the difference between want and need (wanting really bad doesnt make it a need), figure out what you can afford and then try to spend a little less, and most importantly dont judge how you are doing based upon what you see your friends have or are doing because you have no idea what is going on behind the scenes regardless of what they tell you.

  3. JoAnn says:

    Absolutely!  I recently read on GEICO’s insurance blog “Even graduates who are landing good paying jobs are finding it difficult to buy their first home.” and then in the same article “Millennials have, on average, accumulated approximately $65,000 worth of consumer items within 10 years of graduating. ”

    UNABLE to buy their first home?  Nope, its just not a priority.

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