CliffsNotes Graduation Debt: How to Manage Student Loans and Live Your Life is a guidebook for managing a significant debt load after college, yet the author takes a positive approach to personal finance, emphasizing frugality and spending money wisely in order to still live well while paying off debt. It is possible to take vacations and have extra spending money even while repaying loans! The book even ends with sections on Eating Out, Moving into a Nicer Place, and “Earning” a New Car.
The focus of this ebook is not exclusively spending. However, as it does take a positive approach to personal finance and gives serious attention to spending as a part of living your life, this book can be read at least in part as a manual on budgeting and spending wisely. Chapter 5, “Budgeting for Your Lifestyle and Your Loans,” and chapter 9, “Budgeting During Inflation,” contain practical advice about spending and budgeting, including such tips as keeping a financial diary and choosing budgetary cutbacks. The book even provides, in a sense, “financial self-help” throughout by, for example, reminding the reader not to dwell on past financial mistakes but instead problem-solve when mistakes or overspending are discovered.
The ebook is divided up into many small subsections making it easy to read. In typical CliffsNotes-style, the book is effectively a “cheat sheet” for personal finance, making the topic accessible to readers least inclined to seek out resources on personal finance otherwise. The rewards it promises, too, are enough to make this resource enticing to any new grad knee-deep in debt!
Note: this ebook can only be accessed on campus or off campus with your University of Illinois at Urbana-Champaign net ID. If you do not have access to this ebook, please request a print copy through your local public library.
Written by Heidi Johnson, University of Illinois Library