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The congratulatory greeting cards are nice, but let’s face it: When new grads rip one open, they really hope there’s cash or a check inside.

But what we should be giving graduates is something that will endure — financial knowledge — that will help them build lasting wealth.

Since a lot of personal finance advice doesn’t change — even when the nation is freaking out about the possibility of a government default — I like to revisit the advice I often give to new high school and college graduates.

Poet Ralph Waldo Emerson complained that students aren’t taught basic life skills: “We are shut up in schools and college recitation rooms for 10 or 15 years and come out at last with a bellyful of words and do not know a thing.”

How true that statement is, especially as it relates to money.

If you want more personal finance advice that’s timeless, order your copy of Michelle Singletary’s Money Milestones.

Here are six basic yet vital tips to help young adults keep their debt burden down and their net worth climbing.

Don’t listen to the collective ‘they’

I’m sure you’ve heard someone say, “Well, they said you need to buy a home to build wealth.” Or maybe, “Paying rent is a waste of money.”

They may say: “Don’t worry about paying off your college debt right away because it’s good debt. Invest instead.”

I’ll tell you who. Most often, it’s people with a biased interest in how you spend your money.

They are frequently wrong. They will contribute to your financial stress, making you feel you’re not succeeding fast enough.

Lenders and real estate professionals need home buyers. But until you are ready for such an expensive move, rent.

In certain high-cost areas, you may never be able to afford a home. And for some of you, that’s okay. You are not throwing money away when paying to put a roof over your head.

And yes, eventually, you want to invest so that you have a chance of your money beating inflation. But if you are leaving college with debt, tackle that first. You still have time to invest.

Don’t believe people who say there is good and bad debt

Referring to debt with an adjective is unhelpful. It’s just debt, and it all can be destructive if overused and too oppressive.

At a Berkshire Hathaway shareholders meeting, billionaire Warren Buffett was asked by a 14-year-old what financial concepts he would give young people who still have time to implement them.

Buffett, one of the most successful investors in the world, didn’t talk about how to pick the right individual stock, as many might have thought he would.

His first tip was about avoiding debt.

“If I had one piece of advice to give to young people, you know, across the board, it would be just to don’t get in debt,” Buffett said.

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Don’t get used to the grace period for your loans

If you’re graduating college with student debt, don’t wait until you have to start paying back the loans (typically six months after graduating for federal loans) to figure out what you owe.

The grace period is a time to practice. You need to feel the pressure of how those payments will affect your monthly budget.

For whatever time you have before the payments kick in, put that monthly amount in a savings account. Get used to how it feels to have less to spend because of the loans.

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Don’t just focus on the monthly loan payment

Always look at the totality of what you’re borrowing. And by that, I don’t just mean whether you can handle the monthly payment and the interest you’re being charged.

What will that loan cost you in the long run?

Consider what else you could do with that money if you weren’t servicing debt all the time.

If you borrow too much for a car, that’s money you can’t invest. If your mortgage is too high, overextending your budget, you can’t build an emergency fund for when life happens.

Car payments are $1,000 for a lot of consumers. Here’s why.

Don’t treat your budget like an adversary

Treat your budget like a love interest. Stay connected to it. Change when necessary and appropriate to make things work out.

If you don’t know the song “And I Am Telling You I’m Not Going,” go find it on YouTube. I like Jennifer Hudson’s version from the movie “Dreamgirls.”

Here’s how it starts: “And I am telling you, I’m not going. You’re the best man I’ll ever know. There’s no way I can ever go. No, no, no there’s no way. No, no, no, no way I’m living without you.”

Now replace the words “best man” with “best budget.”

That’s how you should view your budget.

No, no, no, no way you should be living without it.

7 bad money habits to ditch in 2023

Don’t keep saying ‘I don’t know’

Me: What’s your total student loan debt?

Young adult: I don’t know.

Me: What is the difference between your gross pay and net income?

Young adult: I don’t know.

Young adult: I don’t know?

Financial illiteracy will keep you broke or impede your ability to grow your wealth.

I’m going to need you to know some things.

There’s a point in your life when ignorance about your personal finances is a choice, and it’s one that will not serve you well.

Children can say they don’t know because they typically have parents or guardians who are supposed to know for them. But by the time you graduate from high school or college, you have to take responsibility and learn as much as you can about budgeting, credit, saving and investing.

You can no longer afford to say “I don’t know.”

B.O.M. — The best of Michelle Singletary on personal finance

If you have a personal finance question for Washington Post columnist Michelle Singletary, please call 1-855-ASK-POST (1-855-275-7678).

Recession-proof your life: The tsunami of economic news is leading consumers, investors and would-be homeowners alike to ask whether a recession is inevitable. Regardless of the answer, there are practical steps you can take to help shield yourself from a worst-case scenario.

Credit card debt: Carrying credit card debt is never good and you should ditch the habit. Here are seven ways to lower your credit card debt in light of the Fed continuing to raise interest rates.

Money moves for life: For a more sweeping overview of Michelle’s timeless money advice, see Michelle Singletary’s Money Milestones. The interactive package offers guidance for every life stage, whether you’re just starting out in your career to living an abundant life in retirement.

Test Yourself: Do you know where you stand financially? Take our quiz and read advice from Michelle.