As graduation day approaches, many college students look forward to a time when they can pursue the great things that they desire independently. But young adults, who are inadequately equipped with the essential knowledge about personal finance, make many detrimental financial mistakes until they finally become smart and diligent financial planners. If college graduates have the correct knowledge and motivation about personal finance when starting out, they can get control of their finances by

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... their finances by making wise decisions and avoiding common pitfalls. This essay starts with determining one's personal financial goals in a realistic manner in order to set the plan. Then the essay goes on to recommend college graduates to make net worth statement in order to know the starting point of carrying out the plan. Additionally, the essay will delve into different aspects of carrying out the personal financial plan such as making a budget which serves to direct wise spending, managing credits which deals with smart borrowing, saving for the future which prepares graduates for emergencies and small extra funds and lastly, it will talk about smart investing which can bring about large wealth to college graduates who start out with little money. This essay will provide insightful information for college graduates to be financially successful.