you can't see the future but you can save for it

Missy Lacock An ever-changing world means there ’ s no way to foresee our future, and a lot can go wrong. However, a lot can also go right – and both brands of unexpected events often require greenbacks. The problem? ACCEPT A GREAT INTERNSHIP. Two-thirds of internships are unpaid, and most rotate in ten-week to six-month intervals. PAY FOR EXTRA TRAINING to get a better job or be better at what you do. Companies aren , t required to front the costs of volun- tary class and seminar enrollments. MOVE FOR A NEW OR BETTER JOB. 18.7% of all moves in 2012-2013 by 18- to 24-year-olds were job related, according to the U.S. Census Bureau. Relocation expenses can include U-Haul rentals, travel costs, housing deposits, and first and last month , s rent. OPPORTUNITY BEGIN A NEW JOB. New payroll cycles mean you , ll need extra money to supplement the period before your first paycheck. YOU’RE HIRED! 69% of large companies and 39% of small companies oﬀered full-time jobs to their interns in 2012. forbes.com 22 winter 2014

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Page 1: You Can't See The Future But You Can Save For It

Missy Lacock

An ever-changing world means

there’s no way to foresee our future,

and a lot can go wrong. However,

a lot can also go right – and both

brands of unexpected events often

require greenbacks. The problem?

ACCEPT A GREAT INTERNSHIP. Two-thirds of internships are unpaid, and most rotate in ten-week to six-month intervals.

PAY FOR EXTRA TRAINING to get a better job or be better at what you do. Companies aren

,t required to front the costs of volun-

tary class and seminar enrollments.

MOVE FOR A NEW OR BETTER JOB. 18.7% of all moves in 2012-2013 by 18- to 24-year-olds were job related, according to the U.S. Census Bureau. Relocation expenses can include U-Haul rentals, travel costs, housing deposits, and first and last month

,s rent.

OPPORTUNITY

BEGIN A NEW JOB. New payroll cycles mean you

,ll need extra money to supplement the

period before your first paycheck.

YOU’RE HIRED!69% of large companies and 39% of small companies offered full-time jobs to their interns in 2012. forbes.com

22winter 2014

Page 2: You Can't See The Future But You Can Save For It

Submit your guess to [email protected] and one lucky reader with the correct answer will win a brass T-Shirt.

23winter 2014

16.8% of college graduates ages 21-24 are under-employed, according to a 2014 Eco-nomic Policy Insti-tute report. And remember that those student loan payments kick in six months after you toss your hat.

LOSING A JOB BECAUSE OF LAYOFFS. Severance packages vary widely, and employers are not required by law to provide severance pay at all.

SUFFERING AN ACCIDENT OR ILLNESS. You,ll

never know what hit you, and those repair and medical bills stack up fast.

EMERGENCY

TAKING TIME OFF WORK FOR PERSONAL REASONS. You

,ll still have bills waiting when you get back.

UNABLE TO FIND A JOB UPON GRADUATION.

More than half of all young adults don’t save, according

to a Wells Fargo 2013 survey, even though financial

advisers recommend keeping a fund with three to six

months’ income of backup cash. Saving money for

OPPORTUNITIES and EMERGENCIES is critical to being