Student debt has ballooned by 57 percent in the last decade, with U.S. students holding a staggering $865 billion in loans, primarily due to college tuition and fee hikes, according to the Consumer Financial Protection Bureau.
Now more than ever, recent grads might need some help getting a hold of their finances.?OnlineCollege.org created a personal finance guide to help you get started.
A budget guideline suggests allocating 15 percent for food, and 40 percent for debt repayment and savings, per month.?(Here's what you need to know before you start paying down your student loan debt.)
And for those looking to make a move to a big city, the best ones for college grads to relocate to include: New York, Boston, San Francisco, and Washington, D.C. But check the stats: D.C. may have the best income at $40,952 but rents average up to $1,226 per month.
The graph also includes info about some of the best financial apps and sites to get you started.?
Check it out below:?
Source: http://www.businessinsider.com/infographic-a-new-grads-guide-to-personal-finance-2012-2
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