10 College Majors That Help You Succeed Better For Years

According to Georgetown University Center, more than 35 percent of jobs require a Bachelor’s degree or higher. On average, jobs that pay $33,000 annually at the entry-level or $61,000 at prime age will demand college or university certifications. That being said, a college degree does hold huge importance in one’s career. 

Amongst many university degrees, there are various different majors. So, buried in plenty of major choices, which one should you pursue?

Depending on your life or career goals, whether to produce more cash or seek career advancements, we have listed 10 most demanded and promising majors to complete.

Note: All the indicators are based on Kiplinger data and Bureau of Labour Statistics.

  1. Electrical engineering

Unsurprisingly, our data-driven and tech-driven world lead to high demand for people who can design, build, and improve electronic and electrical devices. The data showed that the number of electrical engineers is expected to keep growing by 10.7 percent over the next decade. And also, studying electrical engineering is not limited to just computer-operated electronics. You can expect to take courses such as circuit analysis and design, digital systems, electric components tools and semiconductor technology.

  •   Starting salary: $69,900/ year
  •   Mid-career salary: $118,100/ year
  •   Job growth: 22.7 percent
  •   Online job posting: 1.1 million annually
  1. Nursing

Nursing major is promising in terms of demand. The field is very rewarding with 82 percent of employees in this degree report feeling a high sense of meaning in their careers. Nursing students must take several science courses including anatomy, chemistry, microbiology, and nutrition.

  •   Starting salary: $61,400/ year
  •   Mid-career salary: $77,600/ year
  •   Job growth: 16.3 – 35.2 percent
  •   Online job posting: 1.6 million annually
  1. Computer engineering

The world will be completely autonomous one day and this is the job of computer engineers to make sure that the automation does the work properly. Being a computer engineer means you should handy in research, design, develop and improve computer systems. You should also able to work on broad components such as circuit boards, networks and routers. You might also have an additional specific course in terms of computer architecture, digital logic design and system programming.

  •   Starting salary: $72,600/ year
  •   Mid-career salary: $120.000/ year
  •   Job growth: 9.4 percent
  •   Online job posting: 1.7 million annually
  1. Chemical engineering

Typically courses for chemical engineering program include biochemistry, chemical kinetics and thermodynamics, and other types of math and science. Completing this major will give you a set of skills, including how to use raw materials to create products such as clothes, food, fuel, drugs, and much more.

  •   Starting salary: $71.800/ year
  •   Mid-career salary: $126,000/ year
  •   Job growth: 8 percent
  •   Online job posting: 116,736 annually
  1. Civil engineering

Job opportunities in civil engineering major are more plentiful than any engineering fields. Civil engineers, who design and supervise the construction of airports, sewer systems, and other large projects, are expected to add more than 38.000 positions. The courses include fluid mechanics, statics, structural analysis and design, and thermodynamics. 

  •   Starting salary: $60,400/ year
  •   Mid-career salary: $101,100/ year
  •   Job growth: 11 percent
  •   Online job posting: 259,586 annually
  1. Biomedical engineering

Biomedical students learn more about the way technology impacts medicine such as artificial internal organs or diagnostics machines. There are specific courses you can take, including anatomy, biomechanics and micromechanics, and robotics.

  •   Starting salary: $66,000/ year
  •   Mid-career salary: $110,300/ year
  •   Job growth: 8.4 percent
  •   Online job posting: 35,893 annually
  1. Computer science

Another board subject in computer, computer science program helps you prepare a number of jobs in the tech field from app developer to systems analysts. Learning to program is key to this major. You can also expect to take additional learning like a theory of formal language, intro to program design, digital systems design, and artificial intelligence.

  •   Starting salary: $68,800/ year
  •   Mid-career salary: $113,900/ year
  •   Job growth: 30.4 percent
  •   Online job posting: 2.2 million annually
  1. Construction management

The demand for buildings, especially eco-friendly buildings, is growing from time to time, which means there will be growing opportunities for construction managers. Obtaining this degree, however, requires you to cover both subjects in the physical labour of related work and business side industry. The courses include construction materials and systems, blueprint reading, cost management, labour law, and electrical-mechanical systems.

  •   Starting salary: $59,000/ year
  •   Mid-career salary: $100,400/ year
  •   Job growth: 3.3 percent
  •   Online job posting: 119,947 annually
  1. Mechanical engineering

Mechanical engineers design, develop, build, and test mechanical and thermal sensors and devices. You should also cover devices in terms of tools, engines, and machines. To complete the course, however, need a longer time for approximately 5 years or 4 years including a couple of summers. Yet, it is a promising job with hands-on work experience that complements your theoretical studies.

  •    Starting salary: $65.800/ year
  •   Mid-career salary: $108,700/ year
  •   Job growth: 9  percent
  •   Online job posting: 116,736 annually
  1. Petroleum engineering

Petroleum engineering is the strand of engineering concerned with the extraction, production, and management of oil and gas from natural environments. This field will give you technical and theological skills required to operate heavy machinery, manage computer systems, and discover new sources of energy. You can expect to study reservoir engineering, petroleum geoscience, drilling engineering, petroleum economics, and production technology.

  •   Starting salary: $82,700/ year
  •   Mid-career salary: $183,600/ year
  •   Job growth: 13.1 percent
  •  Online job posting: 1,643 annually 

Read also: Graduation Dilemma: Should You Take a Gap Year or Just Get Into the Workforce?

8 Top-Notch Freelancing Sites You Should Give-a-Go

We know that working as a freelance is a high-wanted job for most of us, probably all of us. Who does not love the idea of staying in a cosy home or beautiful nature while working, after all?

Yet, while the perks of being a freelance could be too good to be true, depositing your resume in the wrong freelance platform could be such a waste. Not only will it waste your energy and effort, but you might also need to spend a dime on a platform with questionable standing.

See also: How to Balance Your College and Work-life When You are a Freelancer

Worry no more, here we have listed some top-notch freelance marketplaces on the internet for you. No hoax, just profitable and reliable sites, here are eight surprisingly best marketplaces where you can both build your reputation and earn more bucks to your savings.

Fiverr

With over 90 percent user satisfaction review, Fiverr is popular amongst those who look for freelance jobs and hire a freelancer. Fiverr has also won a Great User Experience Award in 2018, making them trustworthy to sign up. In Fiverr, you are required to set gigs with your own expected salary and niche.

Guru

Guru is a non-negotiable marketplace for finding part-time jobs and projects. They have a straightforward hiring process, making it easy for clients and you to connect. Besides, Guru is best-suited for long-term freelancers and employers with employers don’t require to pay a fee to post their projects.

WriterAccess

If you are passionate about writing, starting your freelancing career here will be so helpful. You can get some good experience by allowing yourself to connect and work for a famous brand company. Writer Access also gives better communication experience to their users so you can effortlessly communicate with your customers.

Travelista

Travelista is another freelance platform for writers. However, such as the name suggests, the writing will be about travel or tips and tricks about travelling. Additionally, before starting to freelance here, you need to build your own websites which will be very useful to help build your reputation. After registering, they will guide you to buy a domain then build your own niche and hand you a freelance task about writing with reliable payment.  

Upwork

Upwork is one of the largest marketplaces for projects. You can sell every expertise you possess here. Additionally, Upwork will give you a wide range of job choices such as short-term project, long-term-project, entry-level project, etc.

Freelancer

Another professional platform to try is a freelancer. It welcomes any talents who are passionate about working with your own time and schedule. There are plenty to choose as well because there are a lot of projects posted every day. Bid on a project, complete it and take your reward.   

99Designs

99Designs can be categorised as the largest marketplace for logo, web, and Graphic designers. Thus, if you are trying to build a reputation for your design skills, it is good to give it a try. Generally, clients in 99Designs will provide a brief description of the design they want, and designers submit their entries. So, it is more like a contest based platform to show off your ability while get paying for your hard work.

HubStaff

HubStaffs is a zero-fee marketplace that connects businesses with high-quality freelance talent. Therefore, you can showcase your skills without having to spend a penny. As a freelance in HubStaff, you do not need to go to a third party website to communicate with your clients. If the client is interested in you, they will directly email you and vice versa. Recently, HubStaffs launched a remote job board for freelancers to get remote positions on your chosen company.

Read also: A to D Tips to be a Productive Freelancer

Top 10+ Keywords to Create an Eye-catching CV

Curriculum vitae, which also means “the course of your life” in Latin, is the first impression employers would know from you before meeting you in person. It goes without saying that an attractive CV could boost your chances of landing the position you desire. Therefore, it is worth to spend time and effort to design and enhance your professional presentation through a well-crafted CV.

See also: Top 10 User-Friendly Job Search Apps Every Jobseeker Should Possess

In creating a CV, however, you cannot use poorly-arranged phrases or words as this will make it difficult to sell yourself. Remember, employers will judge you the way you express yourself through written words so you should tailor your specifications to the job you are applying and include skills, qualifications, and experience which are most suited to the job. You should also write an accurate and concise CV – don’t use too much space, 2 to 3 pages of CV should be enough. More importantly, you should use a powerful and positive language. Therefore, you should highlight your skills, expertise, and value with the right keywords to grab better attention of your prospective employer. Here goes the keyword list.

For describing personal attributes

personal attribute use

For describing job-related experiences  

job related use

Note: All the keywords must be followed by proofs to convince employers better. For instance, instead of saying “I was awarded to be an excellent digital marketer”, you should say “I managed to get 250 percent revenue in one year, thusly I was awarded to be an excellent digital marketer.”

Combination keywords (adverb)

additional

How to use those keywords

As you already pocket some keywords to create a CV, you need to know how to use them in order to create an eye-catching one. Here is a piece of simple advice for you.

Instead of writing in bullet point such as,

  • Completed IT project within 1 week
  • Enhanced IT system

you should write creatively and in a more interesting way by exploring a bit about your expertise. For example:

“I developed a new IT system and managed to complete it in a short time. The system now ….” Or you can say “I effectively managed to complete a new IT system only within 2 weeks it which the system is now operating across businesses.”

Takeaways

You should keep in mind that the way you express yourself in a piece of good-created CV matters. Thusly, be as informative and positive as you can, enhance the reader’s (employer) understanding of how valuable you can be within an organisation. Last but not least, as what Thoreau said: “go confidently in the direction of your dreams” – so be confident with whatever you are pursuing now and put this confidence on the CV. 

Read also: Do’s and Dont’s for Creating Catchy Resume

STAR Principle to Overcome Interview Anxiety

Scenario: After waiting for quite a long time, finally you manage to get an invitation for a job interview. While you might be excited about the opportunity, you need to start preparing everything and learn well about the company’s profile. Everything seems well until the D-day. During the interview, suddenly anxiety hits you out of nowhere. In front of hiring managers, you freeze and forget everything you have prepared.

What is interview anxiety and how does it feel?

Interview anxiety is a natural and common feeling of uneasiness before or during a job interview. Being conscious that someone will scrutinise your appearance, behaviour, and words, you might start losing control of what you want to say and do. Consequently, what you intend to convey might not match with what is delivered. A survey by Harris Interactive found that 92 percent of respondents surveyed are stressed by at least one thing about a job interview, with having the jitters count as the biggest fear.

See also: It’s Face Time: How to Prepare for a Video Job Interview?

John Swartz, regional director of career services at Everest College, commented that interview anxiety is common at some stage. Job interview, he added, can be a high-pressure and make-or-break event when searching for a job. Thusly, it is a natural occurrence amongst job seekers.

While you might have prepared the best, when anxiety kicks in, the well-crafted words you have memorised suddenly become nonsense and you talk way too much, more than necessary information that can ruin your interview. According to a study by Julie McCarthy, applicant anxiety has serious implication as it might bias predictive validity of job interviews and result in a poor selection of less promising candidates. Having and showing your anxiety during a job interview will give you a low score which in turn, lower your chances of being hired.

Unfortunately, job interview anxiety will add a huge barrier between you and success.

Fortunately, you are not alone in this. 

So, how to mitigate the problem?

One of the most effective ways is by pretending that you are in a casual conversation while maintaining your professionalism. You can also lower the risk by being super prepared about the interview with the STAR principles. STAR principle is commonly used by an employer to prepare a better interview session. However, not just the employer, you can also reap the advantage of the STAR principle by following these tips.

S for situation

In this step, try to think about what the interview might be. You can look for videos to learn this or try to dig some information about the interview from the company’s web. Then, picture what kind of interview you will have, whether it is one on one or group. The better picture you have in mind, the lower interview anxiety you will experience.

Note: Do practice for a various situation of a job interview so that you will not be shocked by changes that might occur.

T for task

Be prepared for questions that require problem-solving. Most recruiters would ask something like “what will you do when you are faced with a tight deadline?” On this type of questions, think of a task that is similar to the problem. Then, explain to the interviewer with an example of a task and solution. You probably have encountered the same problem before. You can refer to it as an example.  

Note: Commonly, employers will refer to your resume or CV. Thusly, you should prepare with practising problem-solving question that is aligned with your resume or CV.

A for action

Employers want their candidates to be proactive and ready to take challenges. In this phase, you can take more action by explaining detailed information about what you did to achieve your goal and what actions need to be done to do so, and of course, align your explanation with company’s vision and mission. So, prepare yourself to explain that you have a good initiative to take businesses to the next level.  

R for recollected

The last strategy is by practising recollected strategy – stay calm. Anxiety kicks in because your mind, consciously or unconsciously, is too busy thinking “what if scenarios”. For instance, what if I fail, what if I ruin this interview that I’ve been waiting for, what if everything did not go as planned, or what if I forget what I practice. That being said, you might have doubt in yourself that you are capable of doing the interview.

One thing to mitigate this is by naming and reframing your self-doubt. As explained by Melody Wilding, you can name your doubt with “I have too much anxiety story” to help you realise that it is just a thought pattern and not an evil force. Hence, you can build a positive response to it.

Next, reframing your story with a plan. For example, if I ruin my answer, I will calm myself by breathing deeply. And while maintaining my calmness, I will talk slowly about the possible scenario that happens in my head. Or probably, I will joke a little bit to calm myself down.

Read also: Should You Go to an Interview for a Job You Don’t Want?

Can Social Reputation Help You Land a Job?

There’s an old adage that goes like this, “It does not matter what other people think about you, what matters most is what you think about yourself.” While this could be true in terms of improving our self-esteem, apparently, what others think about us aka reputation does still matter as it defines our values in other people’s eyes.

See also: Graduation Dilemma: Should You Take a Gap Year or Just Get Into the Workforce?

Why reputation matters

More than just a piece of crafted resume, candidate’s social reputation could be more important to employers. Why? Because social reputation can tell a lot more than a written biography. A study by CareerBuilder found that 70 percent of employers surveyed check candidates’ social media presence and 69 percent of them Googling candidate’s name during applicant screening process. Meanwhile, 57 percent of respondents cited that they are less likely to interview candidates they cannot find online. These findings suggested that what you share, publish, comment, as well as what others post about you does have an impact on recruitment decisions.

Moreover, reputation also gives light to the employer on how trustworthy, capable, and confident you are as a candidate. For instance, if you have a bad reputation in the eyes of other people whether it is online or offline, you will be seen as a bad fit for business bottom line. A recruiter might think that you cannot be trusted and that you are not capable to take care of tasks assigned to you. On the other hand, having a good social reputation can add your value in the eyes of hiring managers.

So, do you still think that other people’s opinion does not matter?

How to build a reputation

“The way to gain a good reputation is to endeavour to be what you desire to appear.” – Socrates

That being said, reputation counts in a recruitment process. Thusly, you need to take action to improve your presence, both online and offline. A simple tip to build a powerful reputation is by paying attention to how you show up in every moment or situation. For example, in a job interview, you should be mindful of how you want to engage with others. The way you answer simple questions like “how are you?” or “what do you do?” also have an impact on your reputation, so make sure that you provide a proper answer.  Additionally, your social media presence also affects your online reputation. Therefore, you need to recheck your social media and remove all negative posts that you might have published in the past.

(Check here for more tips on how to craft better social media presence)

You also need to ask yourself questions such as how do you want people to see you? Do you want other people to believe in you? What kind of traits that make you look good in the eyes of other individuals? Does sharing this content will make you look bad? Or other leading questions that can better your behaviour.

“What people think about you might not be 100 percent true. Therefore, you should be mindful with your action so build a good character.”

Lastly, do remember that reputation is key to your career success. It differentiates you from other individuals and other job seekers which becomes your driver to attract opportunities. Your reputation will, consequently, improve your personal as well as professional life. 

Read also: Reputation Management

Which One is More Important: Degree Certificate or Skill Certificate?

Degree and skill are two must-have components in life as they serve as key to create a better life and build a better future. For example, with a higher degree, your social status will rise and you will be seen as an educated person. On the other hand, skills will help you survive in a more competitive world. Being a skilful individual will also improve your chances of landing the job you dream of.

See also: 4 Necessary Mindset a Graduate Should Have for Future Career

So, between degree and skill, which one do you think is more important?

Before answering the question, let’s see brief differences between degree and skill certificate first.

Degree certificate

A degree certificate is an authentic proof that you already hold the requirements of certain ability to manage some function. Degree certificate will help you when you want to apply for jobs. For example, if you want to be a lecturer, you must hold a master degree. While you might not be really skillful in teaching, a master degree will get you shortlisted on the job you want so you can get closer to the position.

Earning a degree certificate might take longer time than getting a skill certificate. You should invest more money and time in order to get a degree certificate. For instance, in most countries, a bachelor degree will take 4 years at a minimum while a magister needs at least 1 or 2 years to get certified. Additionally, courses you study for the completion of degree programs cover far more than a base-level of knowledge required to complete your work-related tasks.

Skill certificate

On the contrary, to obtain a skill certificate, it will require less time depends on the institution you are applying. Some institutions only requires 6 months or less. You will also spend less money to earn your skill certificate. Other than that, having a skill certificate means you are an expert in a very specific industry because courses for the completion will be very specific. It depends on the skill courses you take such as SEO or social media strategies.

In addition, great people are usually skilled but rarely hold degree certifications for their knowledge. For example, Ted Turner, Anthony Robbins, or Joel Osteen. Each of them did not hold any degree certificate but manage to fulfil their dream of success. Their secret is that they learn to be skillful in their own expertise by self-educating themselves.

So, which one is more important?

If you doubt whether to take more degree or skill certificates, Ed Tittel, a trainer and an internet consultant, suggested that getting a degree certificate should be your number one concern. Then, you can consider getting more skill certificates. You either can choose to enter a degree program that includes certifications as part of its curriculum because hiring manager prefers to hire individuals who hold both degree and skill certificates.

Moreover, in the world of work, both degree and skill certificate is useful. They can bring a positive impact on your career. A skill certificate is important to supplement your existing degree with a new skill set. Learning a new skill also helps you advance your role in your current industry or in an entirely new field. Meanwhile, a degree often becomes a minimum requirement for an individual to apply for an entry-level position in the job market.

To conclude, albeit skill certification will help you in getting the job you want, lack of degree certificate can limit your opportunities for advancement in your field. Thusly, you can balance your certificate by obtaining both in order to pursue better and higher opportunities.

 Read also: Key Skills Needed to Survive the 21st Century

Graduation Dilemma: Should You Take a Gap Year or Just Get Into the Workforce?

Admit it, we all have been in a position where we aren’t ready to leave school and enter the workforce.

Upon graduation from college or university, there are good chances that fresh-graduates feel unready to join the adult world. The transition between being a dependent student to independent worker could be tough. You might find yourself surrounded by new people you don’t know how to deal with, get to know professionals that inspire you, make funny mistakes in your first job, and even embarrass yourself while adapting to the new environment.

Taking a gap year

As daunting as it might sound, landing a job is an important stage in life we cannot avoid. But here’s the good part: you do not have to get into there directly after graduation. Instead of putting yourself in the talent market directly, you can take a break first. 

See also: What Do Employers Look for in Fresh Graduates?

Having a “me-time” during the time gap will help you discover so much more. According to stats from Global Banking & Finance review, 80 percent respondents believed that taking a gap year can greater their chance of employability. You can fill the gap year with training or taking courses to help you prepare entering the adult world. You can also use the gap year to figure out what you really want to do in life. It will be a good experience as you can avoid making mistakes from your lack of knowledge. 

In order to make your gap year more valuable, here are some other suggestions.

  1.  You should make your gap of employment useful to make intentional choices by taking a course or training. You will not be fully ready until you make a decision – so, use your knowledge and willingness to decide better.
  2.  You can set plans during your gap in employment. Of course, you cannot be unemployed forever unless you are being supported financially for a lifetime. So, create a plan of when you should be employed and what kind of job you want, then set a date to when you need to send the resume. Create an eye-catching resume so recruiter will see you during their employment. Visit here to find more tips on how to create best resumes.  
  3.  You should clear your “bad reputation” in the network. Remember that no one wants to hire a ‘jerk’. So, if you happen to have posted something bad on your social media, it will be better to remove them immediately as recruiters nowadays conduct an online background check before hiring candidates. 
  4.  You can create a journal of your journey. Be it journal of your gap experience or lifetime, the notes will help you track your ability and improvements better. The journal will also help you during job interview session. For instance, you can refer to your journal what you are good and capable of doing best.
  5.  You can surround yourself with competent, good, and kind people. Consult and tell them about your unreadiness to join the adult world. They usually can help you set better goals and re-evaluate them for you. But of course, in the end, you should decide what’s better for you because only you know who you truly are and what you truly want to be/do in life.

Learning the adult world

While taking a gap year will benefit you a lot, you might wonder what employers will say about that when reviewing the resume as you might think that gap year will decrease your value in the employer’s eyes. Jason Clark in an interview, however, stated differently. He commented that an individual who has taken a worthwhile gap year is indeed an appealing prospect. “What we want to know is what people have done, why they did it and what they do to get out of it,” Clark emphasised. In other words, as long as you make a meaningful gap year, recruiters will still think positively about your unemployed time.

Nonetheless, if you want to get a job as soon as you graduate from university, college, or high school while you are not ready, you can always learn. You can learn how the adult world works by employing yourself in their world. It will not be as scary as you think it is. You might make funny mistakes but you can always learn from it. Besides, there is a free on-the-job-training, pocket money during your training, more experience and more chance of employability. You can also meet experts of your interest field as well as leverage your network when you join the workforce.

A piece of advice

So, how to decide between taking a gap year and diving into employment directly? The trick is to consider your needs and preferences first. After encountering your own doubts, you will figure out whether you are ready to apply for a job or not. Because if you are waiting to be ready, you might never move from your current position or you might never develop as a person. Best of luck!

 Read also: Things to Get Rid of If You Want a Career Success

What Do Employers Look for in Fresh Graduates?

Finally, congratulations on your graduation! So, what will you do now? Getting a job or pursuing a higher degree?

After years of studying in university and finishing the graduation report, now is the time for you to turn your dreams into reality. If one of your goals is to land a job as soon as possible, then you need to equip yourself with the skills and qualifications needed to do the work. You will also need some information about what employers look for beyond your qualifications.

To help you, here are the qualifications and skills you need to get started in your dream career based on Lee Harveyand friends’ research.

See also: Most Common Mistakes Fresh Graduates Do when Picking Their First Job

  1.     Ability to work in a modern organisation

Workplaces will continue improving in the following years. In the digital age, you are required to be able to work side-by-side with automation and sophisticated technology. Therefore, you need to have the ability to adjust yourself with the modern organisation now and in the future.

  1.     Transferable skills

Employers expect graduates to manifest a wide range of attributes in addition to your knowledge. The research suggested a set of core skills and attributes to master, including teamwork, analytic ability, logical argument, problem-solving, ability to summarise key issues, a commitment of working, cooperation, reliability, flexibility and adaptability, self-motivation, as well as self-management. 

  1.     Interpersonal skills

The ability to operate efficiently in teams is highlighted by employers. It becomes a significant graduate attribute. Your ability to work in a team will rely heavily on your interpersonal skills. So, you need to be able to identify your strengths as a team member

  1.     Communication skills

Employers often regard communication skills, both oral and written, as an important aspect after interpersonal skills. Communication skills, including listening skills, will be valuable for you in the industry to communicate ideas and concepts efficiently and effectively to colleagues, clients, and consumers.

  1.     Enthusiasm for learning and willingness to learn

Most employers consider that willingness to learn and continuously updating knowledge is more important than having a stock of knowledge. Therefore, you should highlight that you are ready to learn and improve so you can contribute to the organisation while telling the recruiter that you are also an expert in certain are, social media advertising for example.  

  1.     Knowledge and intellectual ability

Lastly, employers want their fresh hires flexible, adaptable, and receptive to change. They expect their employees to possess a range of intellectual abilities. They also want graduates who are inquisitive, innovative, logical, critical, creative, able to think laterally and conceptualise issues rapidly.

 Read also: 2019 Survey-Backed Salary Guide for Fresh Graduates

Saving Money Hack: 3 Tactics You Need to Adopt Now

What would you do when you need to pay an emergency hospital bill, apartment rent, and car repair all at once at the end of the month while you run out of cash and – to make it worse – your salary has not been paid yet?

Some people might turn to take money from the medical loan when trapped in similar condition. While this method could help, it could be a more serious problem if you cannot pay them back, especially if it comes with significant interest. That being said, the best financial source to pay those bills is from your own savings.

Money saving is one of very important aspects you should prepare in life as it would be a great help when you have to deal with unexpected things mentioned above. It will also help you stay away from crushing debt and loans. Melanie Wright, an independent money mentor and a financial journalist, commented that there are 5 added reasons why you need to save early, starting from today. The reasons are: you will be financially independent sooner, will not have to worry for unforeseen expenses, will have financial back-up once you lose your job, will be prepared if your circumstances change, and will be more comfortable in your retirement.

See also: 22 Rare Jobs that Make Good Money

Wendy de la Rosa, a co-founder of Common Cents Lab, shared her evidence-based research on how money saving is important. She agreed that saving as small as £1 a day or once a week will help our future to be better as we would be less threatened by unexpected things. According to her, saving money is not about how smart your money management is. In her study, de la Rosa argued that saving behaviour isn’t about how smart you are or how much willpower you have. It is about the amount we save depends on our environmental cues. It is proven in her study that money savings will much depend on your environment and mindset.

So, how can we save money by empowering our environment and mindset? De la Rosa talked about her backed-up tactics on how we make use our environment and mindset to save more money for our future self. In her Ted Talk, here are tips she humbly shared.

  1.      Harness the power of pre-commitment

Fundamentally, humans think about themselves in two different ways: future and present. For our future self, we believe that it will take care of us, for our retirement, for our work, or for our financial security. And so – our present self does not save because we believe in our future self. However, we forget that our future self is actually the same as our present self, said de la Rosa.

Therefore, the best decision is to commit to your present self just like how you will commit to your future self. For example, you can sign up for an app that lets you make savings decision in advance. “The trick is, you have to have that binding contract,” added de la Rosa. Contract here means you should commit for real consequences that might happen. The decision you make today for your future must matter.

“In our tax savings experiment, users made a real commitment when they told us how much they planned to save; they knew their refund money would be directly transferred into their savings accounts,” de la Rosa advised.

  1.      Use transition moment to your advantage

In psychology, there is something called “fresh start effect”. It is when you should think about whether you need to start a new year or a new season, whether you need to change career or retire from a job. To the best practice is, you should identify the financial things you want most to do.

For example, is it the time for opening a retirement savings account? Is it the time for consolidating your student loans and credit-card debt? Is it time for building a new home with your beloved one? After you know which transition you need to follow, you should then make it non-cancellable or move around.

  1.      Get a handle on small, frequent purchase

Have you ever regretted spending too much money on food? Or spending too much on entertainment? If yes, you should practice this.

Pre-commitment tactics mean you should take a look at your expenses and identify your most regretted purchase. Then, you should modify your environment to make it harder for you to spend. For example, you linked your credit card to subscribe to a popular magazine or food apps that you frequently use. Without realising it, you spend more than 1000$ on both. So, you need to unhook the credit card and change it to a debit card with some money like $300. You will soon manage your expanse better.

Other than that, de la Rosa suggested that if the thing cannot stop even when you have a debit card, limit yourself from entering your card number to purchase something online. As far as possible, you can withdraw money from an ATM, and purchase the thing without your card. Leave your card at home and only bring some mighty dollar in your pocket.

Read also: Best Countries for Expats to Work and Raise More Pocket Money

2019 Survey-Backed Salary Guide for Fresh Graduates

How much do you want to earn after graduation?

You can dream big about money. But you should be realistic enough to face the truth that when you have just graduated from university, there are good chances you only have little or even no working experience and you might need to go in-the-job-training first before you can earn big. Additionally, you should be aware of the sector or job you are applying to because different occupations offer different earnings.  

If you have no idea of how much you can earn after graduating, these guides provide a brief insight into how much money you will get from a full-time job. Here is the salary insight in 2019 taken from the Graduate Employment Survey.

The median salary of Singaporean graduates is $3,500. The key to getting this dream salary will be based on your university course. And these are the approximate highest salary for each degree.

  •  Business degree earn ± $3,500 per month
  •  Arts & social sciences degree earn ± $3,200 per month
  •  Sciences degree earn ± $3,100 per month
  •  Engineering degree earn ± $3,500 per month
  •  Computing degree earn ± $3,700 per month
  •  Law degree earn ± $5,000 per month
  •  Medicine or nursing degree earn ± $3,500 per month
  •  Music degree earn ± $2,025 per month
  •  Education degree earn ± $3,602 per month
  •  Sports degree earn ± $3,285 per month

Note:

Salary figures are in Singaporean dollars.

If you want to know a detail of salary range per faculty for Singaporean students, you can visit Data Government.

If you want to know a detail of salary insight in 2019, you can visit Kelly Capita Survey or Robert Walters Survey.