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Just graduated? Here are 5 things you need to know about money management

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You’ve just graduated from college. Congratulations! You have exciting (and slightly terrifying) decisions ahead of you. Where will I work? Where will I live? How will I make a stable life happen?

The end of college also signals the start of an independent financial journey. Come July and August, you’ll find that budgeting, saving, paying off loans, and dealing with insurance become necessary parts of your life. Most of you probably won’t have learned these things in college.

The good news is, as a college graduate, you’ve developed soft skills that you can apply to your financial life–even if you’ve never taken a personal finance course. Just as it took you months to master any subject, it’ll take time to master your finances. College taught you to learn how to unfold a big issue, from simple concepts to the more complex. Personal finance is no different. You’ll need to plan and dedicate time to learning about each of the areas of your financial life and keep your wits about you. The more you know, the better your financial decisions will be.

But where should you start? What are the potential mistakes and golden moves to know when beginning to handle your own finances? Should you be paying down that college debt or saving........

© Fast Company