If you've managed to get your bachelor's degree, congratulations! And if you're thinking about grad school, get your piggy bank out and start saving.<br />According to Business Insider, getting a master's degree or Ph.D. in your chosen field can be a smart career move, but it can also be a financial time bomb.<br />If you want to go to grad school five years from now, start saving. First, research schools, tuition, and determine your monthly and annual living expenses.<br />Research any benefits your company may offer for free or subsidized tuition, and look into state programs and scholarships.<br />Still paying on student loans from your undergrad degree? Refinance them now, when rates are low.<br />Finally, if you have five years to save, consider using a 529 plan. If you want to start sooner, a high-yield savings account may be better.
