Venessa Wong shares financial strategies for new graduates to manage first paychecks
Updated
Updated · MarketWatch · Apr 28
Venessa Wong shares financial strategies for new graduates to manage first paychecks
2 articles · Updated · MarketWatch · Apr 28
Wong advises 2026 graduates, who will earn $64,000–$82,000 on average, to budget around 65%–70% of gross pay after deductions.
She recommends allocating 50%–60% for needs, 20% for savings and investing, and 20%–30% for wants, emphasizing automation and early retirement contributions.
Wong reflects on her own financial missteps, highlighting the importance of starting early to benefit from compound interest, and addresses job market trends and investment tips for young adults.
Should new graduates pay off student loans or invest for retirement first?
Besides budgeting, what is the best way to grow your income after graduation?
How can graduates with unstable gig economy incomes apply these fixed budgeting rules?
Is a $2,000 emergency fund enough before you start investing in 2026?
Is the traditional 401(k) obsolete for young investors compared to Roth options?
How will the new RAP plan change student loan repayment strategies this year?