Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Smart Post-Graduation Financial Plans Will Pay Off

By: NewsUSA

(NewsUSA) - College graduates have a lot to think about -- finding a job, finding a place to live and finding a way to manage their finances. Whether you have graduated with or without student loans or other debts, making a financial plan after graduation will pay off later.     Build good financial habits now to make “adulting” more fun. Start with these time-tested tips:     

• Set aside savings. Once you start earning, it’s time to start saving. Many financial planners recommend you save 20% of your income as a savings goal, but even 1% is a great place to start. Don’t let your inability to save 20% scare you off from getting in the savings groove. If you set up automatic savings systems, you can save without even thinking about it. Set up direct deposit so that part of your paycheck goes into a separate savings account, or send part of it directly to an employer 401(k).     

• Spend smart. Think about a budget now so you can reap the benefits later. “Divide your take-home pay into three buckets: 65% to 70% for lifestyle spending and debt service; 10% to 15% for fun, vacation and gifting; and 20% for savings,” advises CERTIFIED FINANCIAL PLANNERTM professional Tom Morris. To help with budgeting, Morris recommends budget apps, such as Mint and You Need A Budget (YNAB).     

• Boost your benefits. Your salary is only part of the financial picture when considering job offers. Be sure to review the employee benefits and take those into consideration. Top benefits include paid time off, health/life/dental/vision insurance and healthcare spending accounts, such as Health Savings Accounts, Flexible Spending Accounts and Health Reimbursement Arrangements. Other benefits that can save you money include relocation reimbursement, long-term or short-term disability insurance, tuition reimbursement, childcare benefits, gym memberships or discounts and wellness programs.     

• Protect yourself. Many young adults think they are invincible, but in today’s uncertain world, it is essential to protect your ability to earn an income. Check out disability insurance, which can help keep you afloat if you have a major health crisis and can’t work. Some employers offer disability insurance, but you might consider getting more. Policies can be complicated, so do your homework or consult a CFP® professional to find the coverage that works for you.     

• Decrease your debts. Most college graduates have some debt that requires consistent payment, whether it is a car loan, student loan or credit card bill. Monthly automatic payments are a great way to make sure you hit your scheduled payments on time to avoid late fees or other penalties.     

Visit LetsMakeAPlan.org for more information about setting strong financial goals after graduation.

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