You might already be a college graduate, or graduation may be just around the corner. Congratulations, the days when life was simple are over. Adult life is a lot more complicated than you could ever imagine as a fresh-faced undergraduate. It’s a test you can pass only by being well-informed, resilient and resourceful. While you develop good personality traits to survive, you will also need several important items. Read ahead to find out:
1. A savings accountIt’s never too early to start saving. In fact, earlier is the better. A savings account will be the foundation for you to buy a car, a home or a graduate degree in the future. Also, you never know when you might lose that fancy job you managed to secure with great difficulty. A savings account will help you on a rainy day, and save you the embarrassment of having to ask friends and family for money.
2. FormalwearYou can wear jeans to that office party like you did to that end-of-college sorority party. Get yourself a Tuxedo or a formal dress for important events, like an annual black-tie dinner thrown by the company you work for. Buy formal attire when you have the time and money, so you won’t be in trouble when you actually need them.
3. A passportIf you don’t already have one, get one immediately. You will need a passport to go on business trips, attend overseas conferences and do other things that require getting on a plane and out of your home country. A passport is essential to modern working life, so apply for one in advance. It takes a lot of time to process all the paperwork for a passport, so you don’t want to be without one when your boss asks you to attend an important meeting in Seychelles in two days’ time.
4. InsuranceJust like you would buy a Tuxedo in Singapore in advance for an important event, you will need insurance when the unexpected happens. Just what kind of insurance you need will depend on your individual situation. If you just bought an apartment, you will need home insurance coverage. If you travel frequently, it’s better to do so with travel insurance that has emergency medical evacuation. On the other hand, if you don’t have any dependents, there is no point in paying premiums for life insurance. Buying insurance young, in some cases, is advantageous in that the premiums you pay could be lower. So don’t delay getting the right coverage for your long-term needs.
The above are only a few things you will need in adult life. The list goes on as you get older. For now, stick with the above.