How to Get Your Life Together Now That You've Dropped Out of High School


Dropping out of high school doesn't have to ruin your financial future. Now that you've dropped out of school, it's time to take your finances into your own hands. Focus on personal responsibility and careful money management, and you'll be able to avoid many obstacles that high school dropouts typically struggle with. After all, H.G. Wells and Thomas Edison dropped out of high school -- and they each managed to be very successful.

Things You'll Need

  • Calculator
  • One month's worth of bills
  • Pencil and paper

Evaluate your situation and make a few decisions about your future. Do you intend to go back to school for your GED, or will you attempt to learn a trade? Either way, you'll likely need a job to make ends meet while you achieve your goal.

Look for employment. Spend time each day networking, applying, sending out your resume and looking for work. You may need to take one or more jobs that are not ideal while you meet your educational goals, but the hard work will be worth it when you realize you're supporting yourself. As you apply for jobs and attend interviews, remember to be polite and professional on the phone. Choose clothes that are well-suited for a professional workplace.

Make a budget. Evaluate your bills and debts, and reduce expenses where possible. You're supporting yourself now, and every penny you don't spend is a penny you don't have to earn. Use your past bills to estimate how much money you'll need each month for essential living expenses.

Open a checking account. If you are unable to open a bank account due to your age or credit history, consider starting a prepaid credit card account. If you need to use the prepaid option, choose a company that provides you with a routing number and bank account number, so you can receive direct deposits from future employers.

Save money each week. Every time you receive a paycheck, set aside a small percentage of the money you earned. This money will be extremely useful if you have an emergency, need to take time off work or have another unexpected expense.

Apply for assistance if necessary. If you meet specific income requirements, you may be eligible for state assistance while you get on your feet. These services may be just the stepping stone you need to get started.

Tips & Warnings

  • Pay your bills on time each month. Delaying bill payments will negatively impact your credit score and may make it harder for you to get a home or auto loan in the future.
  • Avoid taking out multiple credit cards to make ends meet. Debt will only set you back as you attempt to achieve your goals.

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