It's almost the time to graduate. After four, or five, years in college, you are ready for the real world. But the real world means real money, so where do you start?

It can be both an exciting and scary time for college graduates. For many, they are facing bills and responsibility for the first time. Some have already gotten a grip on it and some will continue to avoid it for a while. But what should you start to get on the right foot?

The first step is finding a job. Once you find a career, you should realize that working yourself up in the field you want is better than making money in something you don't have a passion for. Taking a job simply because it pays well will either trap you for the rest of your life or make you face a hard decision later. Make the choice now to make a good decision for you future. Take the lower salary and do what you want to do. Believe me, it is for the best.

It may be tempting to move back in with your parents to save money. I don't advise it. Living with your parents after living on your own is a form of torture for many young adults. You need to get out there and learn your own lessons. Learn how to struggle and make ends meet on your own. Living at home hurts you. Many grads that return home won't save their money and will end up trapped into staying there for a long time. Get your own place, you'll be much happier.

My sister made this mistake. She got a big job, felt like a big shot and bought a new car. She was sure that she could make the payments and was not going to continue driving a junker. College graduates are on a tight budget. You may not see it now, but give it a few months -- at least until the loans begin repayment. But a car that is a few years old and save your money until you know what your budget is really going to look like. You don't want to loose money when you have to sell your new car because you can't afford the payment.

Start right now on a budget. Budgets aren't these evil forms of repression. They are a great way to get what you want out of your money. It is simply a way to guide your spending and saving. You need to start understanding that every dollar and every day counts. If you aren't saving for retirement, you should be. If you are in debt, you could get out of it. Budgeting will help you.

Take time to learn all the ins and outs of finances. Read a good personal finance book. Do online research. Look into mortgages, real estate, insurance needs, car loans, debt and the importance of your credit report. Chances are you have credit card debt and student loans, so you need to learn how to pay them off. Take the time and do a little more homework. In the long run, you will be happy you did.

Martin Lukac, represents http://www.RateEmpire.com, a finance web-company specializing in real estate/mortgage market. We specialize in daily updates, rate predictions, mortgage rates and more. Find low home loan mortgage interest rates from hundreds of mortgage companies! Visit http://www.RateEmpire.com today